The main characteristic of monopoly market structure is_________.

_______ is absence of competition.

The average income of the people of a country in a particular year is _____

_________ is the total value of all final goods and services produced by the country in certain year

Relationship between price and supply is ________.

Perfectly elastic demand curve is a _________ curve.

When there are more substitutes for a product, the ________ for the product is ________.

A firm in perfect competition is a price taker because _______.

The unemployment rate is defined as the ________ divided by the ________.

To a producer of goods, a greater number of channel levels means ________.

The fed directly sets _____.