Refer to the figure above. What is the deadweight loss when the market is converted into a monopoly?
A) $0
B) $45
C) $90
D) $180
B
Economics
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Tax avoidance is
A. illegal in the United States. B. changing your behavior so as to reduce your tax liability. C. the same as tax evasion. D. a minor source of concern in the United States.
Economics
In a city that has rent control for apartments, there is
A) less turnover of apartments. B) a surplus of apartments available to rent. C) a shortage of renters in the city. D) neither a surplus nor a shortage of apartments.
Economics
The present value of a dollar received one year from now, given a current interest rate of 10%, is about
A. $.90. B. $.91. C. $1.00. D. $1.09.
Economics
The U.S. distribution of income was more unequal in 1990 and 1980 than in 1970.
Answer the following statement true (T) or false (F)
Economics