Which of the following is a characteristic of a monopoly market?

A) many suppliers of similar products
B) one single producer
C) easy entry
D) The firm is a price taker.

Answer: B

Economics

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Households affected by a "liquidity constraint" have consumption ________ sensitive to changes in current income that is predicted by the LCH, and a saving ratio that may not ________ in a recession

A) less, rise B) less, fall C) more, rise D) more, fall

Economics

Which of the following determines the quantity demanded of a commodity?

a. The income levels of consumers b. The price of the commodity c. The prices of related commodities d. The number of buyers e. Consumers' expectations

Economics