If a monopoly market were to be transformed into a competitive market, the result would be that
a. market output would increase
b. the market would be efficient, once the market reached the competitive output.
c. the deadweight loss from the monopoly would be eliminated.
d. All of the above would be true.
d
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The marginal social benefit curve from a public good is found by horizontally summing the marginal benefit curves of all individuals
Indicate whether the statement is true or false
How does adverse selection affect the participation of small- and medium-sized firms in the stock market?
What will be an ideal response?
Assume perfect capital mobility and a fixed exchange rate system. Then, an increase in government spending would shift the
a. LM schedule to the left. b. BP schedule to the right. c. BP schedule to the left. d. IS schedule to the right.
The poverty rate in 2008 was _________ the poverty rate in 1960.
A. much lower than B. a little lower than C. about the same as D. a little higher than