The demand curve for a monopoly firm
A) lies below its marginal revenue curve. B) is perfectly inelastic.
C) is the same as the market demand curve. D) is horizontal.
C
Economics
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Which of the following is TRUE of an excise tax?
A) An excise tax is always a unit tax. B) An excise tax is levied on purchases of particular good or service. C) An excise tax is based on an individual's income. D) Imposing an excise tax shifts the market demand curve.
Economics
An indifference curve
A) must slope downward towards the right. B) is positively sloped. C) is upsloping and is concave to the origin. D) may be upsloping or downsloping, depending on whether the two products are complements or substitutes.
Economics