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

Lists two things that both increase the money supply?

Jetz is the leading manufacturer of personal computers. In a recent year, it reported the following in dollars in millions: Net sales revenue $ 76,131 Cost of sales 59,344 Beginning inventory 1,760 Ending inventory 1,860 Required: Determine the

Although a standard life insurance policy does not exist, certain provisions may be required by law. In addition, some optional provisions or modifications may need to be added to the basic policy.

Assume an economy where the required reserve ratio is 20 percent. if you withdraw $5,000 from your checking account to go on vacation in europe, where you spend it all, what happens to the money in circulation in the macro islands

What is another way to communicate without using words?

A fast-food restaurant has a drive-through window and during peak lunch times can handle a maximum of 50 cars per hour with one person taking orders, assembling them, and acting as cashier. The average sale per order is $9.00.

If supply and demand for a good both decrease, which of the following is true? Group of answer choices Equilibrium quantity will decrease but we cannot say for sure what will happen to equilibrium price.

What is a bounced check? How can Jump consumers avoid bounced check fees?

Why do some companies use travel agent to set up their travel arrangements

The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be given $180; if she loses, she must pay $17.