Which of these contributes to the existence of monopoly power?
a. the control of critical resources
b. legal barriers
c. patents
d. All of the above contribute to the existence of monopoly power.
d
Economics
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The slope of a production possibilities frontier
A) is always varying. B) measures the opportunity cost of producing one more unit of a good. C) has no economic relevance or meaning. D) is always constant.
Economics
The planned investment function will shift downward if
A) real disposable income increases. B) the interest rate falls. C) business expectations become more pessimistic. D) the existing stock of capital decreases.
Economics