A monopolist's marginal revenue curve is
A) the same as a perfectly competitive firm's marginal revenue curve.
B) higher than the monopolist's demand curve.
C) below the firm's demand curve.
D) a horizontal line at the market price.
C
Economics
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The four-firm concentration ratio of the aircraft industry is over 80 percent. Most economists would consider this industry an oligopoly
Indicate whether the statement is true or false
Economics
Which of the following is most likely to increase the net inflow of foreign capital?
a. an increase in the rate of inflation b. a decline in real GDP as the economy falls into a recession c. a reduction in domestic investment d. an increase in the real interest rate in the loanable funds market
Economics