How does the demand curve perceived by a monopolist compare with the market demand curve?
A.One has a horizontal demand curve, the other is vertical.
B.Both are horizontal
C.One has a vertical demand curve, the other is downward sloping.
D.They are essentially the same
Answer is D.They are essentially the same
Economics
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Some costs do not vary with the quantity of output produced. Those costs are called
a. marginal costs. b. average costs. c. fixed costs. d. explicit costs.
Economics
Fair-trade standards guarantee:
A. Higher prices to producers that agree to pay their workers higher-than-market wages. B. That a country will restrict trade with other countries that impose unfair trade practices. C. That a country will not impose tariffs or quotas on imports. D. That a government will not intervene in the foreign currency market.
Economics