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

single seller competition in the short run

numerous close substitutes for the product or service

minimal barriers to entry and exit

Indicate one or more of the many benefits of access to high-quality education as it applies to productivity. Instructions: You may select more than one answer. A. ncreased human capital B larger pool of scientists and entrepreneurs C.

1. Why is scarcity a significant problem? A. It leads to opportunity cost. B. It forces people to make choices. C. It determines the type of economic system used. 2. Why do business owners have to answer the three economic questions? A.

The internal financial statements of Vera Incorporated show that their beaded purses incurred an operating loss in the most recent year. There were 27 comma 000 purses sold in that year. Selected financial information about the purse line follows.

Select all that apply. Choose the numbers that are factors of 50. 2 25 4 8 10 15dfguyaedudgasgas

Steve is about to start up a business in a monopolistically competitive market. Which of the following can he expect? a. He can expect to face an infinitely elastic demand curve. b. He can expect to enjoy a huge amount of market power. c.

Because the auditors of XYX Company accepted a client firm's questionable financial statements when the infractions have occurred over time, James believes that they are· setting ill-conceived goals.· exhibiting motivated blindness.

One of your friends states that "operations management and supply chain management are primarily of interest to manufacturing firms." Is this true or false? Give some examples to support your answer

Dan and Lori Cole operated a Curves franchise exercise facility in Angola, Indiana, as a partnership. The firm leased commercial space from Flying Cat, LLC, for a renewable three-year term. The Coles renewed the lease for a second three-year term.

Your grandfather invested $1,000 in a stock 36 years ago. currently the value of his account is $318,000. what is his geometric return over this period?

Ms. Liu shares her web data with you, which shows that she has an average of 500 daily page views during the weekdays, and an average of 1,200 daily page views on the weekends. Each time someone loads one of her pages, it counts as a page view.