Refer to Scenario 12.1. What is the profit maximizing price of a monopolist?
A) $400
B) $600
C) $800
D) $900
E) none of the above
B
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A well-capitalized financial institution has ________ to lose if it fails and thus is ________ likely to pursue risky activities
A) more; more B) more; less C) less; more D) less; less
Suppose the Bank of China permanently decreases its purchases of U.S. government bonds and, instead, holds more dollars on deposit at the Federal Reserve
Everything else held constant, a open market ________ would be the appropriate monetary policy action for the Fed to take to offset the expected ________ in the monetary base in the United States. A) purchase; decrease B) purchase; increase C) sale; decrease D) sale; increase
The distribution of income in a market economy is determined by the minimum wage laws
a. True b. False Indicate whether the statement is true or false
Which of the following is true of a natural experiment?
A. A natural experiment occurs when some endogenous event changes the environment in which individuals, families, firms, or cities operate. B. The control group in a natural experiment is randomly chosen. C. The treatment group in a natural experiment is randomly chosen. D. Control and treatment groups in a natural experiment arise due to an exogenous event.