If the government breaks up a constant-cost, nondiscriminating monopoly into a perfectly competitive industry, what would we expect with regard to output and price?
a. Output and price will decrease.
b. Output will increase and price will decrease.
c. Output and price will increase.
d. Output will decrease and price will increase.
e. No change.
B
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Based on the information in the above table, what is the unemployment rate? What is the labor force participation rate?
What will be an ideal response?
The median voter theorem will be an accurate predicator of the outcomes of elections
A) when a majority of voters have preferences very similar to those of the median voter. B) only when voter turnout is very high. C) when a majority of voters have preferences different from those of the median voter. D) regardless of whether preferences among voters are similar or different from those of the median voter.
When the price ceiling on eggs is lifted, there is a shortage of eggs in the market
a. True b. False Indicate whether the statement is true or false
A profit-maximizing monopolist will stop production while MR is still greater than MC.
Answer the following statement true (T) or false (F)