The figure above shows a monopoly firm's demand curve. At point u in the figure, the demand facing the monopoly is
A) elastic.
B) unit elastic.
C) inelastic.
D) less than the supply.
C
Economics
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Utilitarianism is inconsistent with _____
a. the social welfare function b. cost-benefit analysis c. the Pareto criteria d. slavery
Economics
One economic advantage of a large share of exports in GDP is that countries
A) can reduce their budget deficits. B) can purchase the imports they need. C) can maintain lower rates of unemployment. D) develop more labor-intensive industry.
Economics