A monopoly has
a. A perfectly elastic demand curve
b. A perfectly elastic supply curve
c. An inelastic demand curve
d. A more elastic demand curve than a competitive firm
c
Economics
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Which of the following is a list of fixed inputs for a hospital?
A) bandages, casts, and other materials B) antibiotics, pain medication, and other prescription drugs C) the emergency room, intensive care unit, and other facilities D) the nurses, receptionists, and other employees E) the lobby, the doctors, and the electricity it uses
Economics
Along the aggregate production function, as the quantity of labor rises, real GDP
A) rises. B) falls. C) stays the same. D) may fall, rise, or stay the same.
Economics