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