Economists have developed broad and narrow definitions to identify monopolies. what is a characteristic that supports a firm being classified as a monopoly? economists could find that a firm is a monopoly if

a. it achieves allocativeallocative efficiency.
b. it produces a smallsmall quantity.
c. it earns profits in the long run.
d. its production decisions are unresponsive to price.
e. it is a price taker.

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Draw, label and explain the circular flow model (cfm). include the following: firms, households, product market, and factor (or resource) market.who owns the productive resources? what are those resources? what payment does each type of resource earn? explain the two markets in the cfm and explain the roles that firms and household each play in the cfm.

Mandalay hotel bases its budgets on guest-days. the hotel's static budget for august appears below: budgeted number of guest-days 4,300 budgeted variable costs: supplies (@$9.60 per guest-day) $ 41,280 laundry (@$9.40 per guest-day) 40,420 total variable cost 81,700 budgeted fixed costs: wages and salaries 57,190 occupancy costs 52,030 total fixed cost 109,220 total cost $ 190,920 the total cost at the activity level of 5,200 guest-days per month should be: