When TR is increasing as a monopolist's output increases
A) MR is negative.
B) MR is positive.
C) MR = 0.
D) MR may be positive or negative.
B
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Refer to Figure 4-4. What is the value of the deadweight loss at a price of $18?
A) $100 B) $180 C) $660 D) $1,040
Although the Fed professed employment of a monetary aggregate targeting strategy during the 1970s, its behavior suggests that it emphasized
A) free-reserve targeting. B) interest-rate targeting. C) a real-bills doctrine. D) price-index targeting.
Risk-based deposit insurance premiums have recently been __________ and this is expected to __________ the moral hazard problem of deposit insurance
A) abolished; alleviate B) abolished; worsen C) established; alleviate D) established; worsen
Which of the following is a requirement for a perfectly competitive market?
A. Sellers maximize sales. B. There are barriers to entry. C. Buyers and sellers are price takers. D. There are indivisible setup costs.