Inventors with patents have a distinct advantage in the market. But what happens when the patent expires? A series of questions from College Board asks learners to consider the effects of a patent expiration. Other practice prompts...

How does one factor in the social costs of a product? What factors influence price? Learners consider the question and others using authentic College Board materials. Other questions examine profits and competition in the market and the...

Consumer income drives consumer demand. A set of problems explores what happens to a dairy business when consumers all of a sudden don't have as much money to spend on milk. Other prompts from College Board examine supply and demand...

A company producing smoke alarms has a monopoly. However, what factors influence its profit and production? A series of prompts from College Board asks learners to consider the impact. Other practice problems include examining what...

Monopolies may have an advantage in some markets, but what are they? A scaffolded problem set examines the effects monopolies have on a market. Other authentic College Board problems examine labor markets and how a variety of factors...

Imports often affect the production of domestic goods. Scholars consider the variables in this situation with a scaffolded prompt from College Board. Other items examine factors in production and compare the production advantage between...

A company enjoys a monopoly. What happens to its profits when another firm introduces a similar product? Learners consider the case using questions from College Board. Other prompts include the effects of sales taxes and supply and...

How are monopolies and competitive firms similar and different? Scholars consider the question using authentic College Board materials. Other prompts consider supply and demand curves and the relationship between wages and output.

The government catches a firm in the act of polluting. What will happen to the company's profits? Learners consider the question and others using authentic College Board materials. Other problem sets examine wages and labor and price...

A rabies vaccine company has a monopoly, but fluctuations in wages are impacting its profits. A series of questions from College Board considers the problem. Other practice questions include an examination of price and output curves and...

Answer the following multiple-choice and true/false questions about payroll taxes and federal income tax withholding by clicking on the correct answers. To assess your answers, click the Check My Answers button at the bottom of the page.