In economics, a firm that faces no competitors is referred to as _________________.

The tax you pay each year on your annual income is a

True or False.  Private goods are produced through the market because they have rivalry (one’s use of a good makes it unavailable for others).

Children are taken to school by car instead of walking or using public transport is a ___________ externality. Fill in the blank write your answer all in lower case.

True or False.  Banks play no role in the creation of money.

A private gardener who lives in a housing community plants an assortment of beautiful plants in her front garden is a ___________ externality. Fill in the blank write your answer all in lower case.

The demand curve for an individual monopolist:

The market will:

True or False.  Private goods are produced through the market because they have rivalry (one’s use of a good makes it unavailable for others).

True or False.  Banks play no role in the creation of money.