In a monopoly market, Multiple Choice other firms have no incentive to enter the market. profits will always be positive because the firm is the only supplier in the market. the demand facing the firm is downward-sloping because it is the market demand. "other firms have no incentive to enter the market" and "profits will always be positive because the firm is the only supplier in the market". None of the choices are correct.

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to