As in other industries, the market structure of the computer industry has evolved over time. It began as a monopoly and then became perfectly competitive.
Answer the following statement true (T) or false (F)
False
As in other industries, the market structure of the computer industry has evolved over time. It was never a monopoly, nor was it ever perfectly competitive.
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For the monopoly shown in the figure above, when it maximizes its profit the marginal cost is ________ per unit and the price is ________ per unit
A) $10; $30 B) $20; $20 C) $10; $20 D) $30; $20.
Suppose consumer confidence declines and as a result, consumer spending decreases by $4 billion dollars
Other things equal, if households spend $0.75 of each extra dollar of income and save the remaining $0.25, by how much will spending decrease during the third round through the circular flow? A) $1 billion B) $2.25 billion C) $3 billion D) $4 billion