If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then profit maximization is achieved when the monopoly sets price equal to
A) 16.
B) 21.
C) 25.
D) 58.
D
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In a ________ banking system, commercial banks engage in securities underwriting, but legal subsidiaries conduct the different activities. Also, banking and insurance are not typically undertaken together in this system
A) universal B) British-style universal C) short-fence D) compartmentalized
Common resources and public goods have in common that they are not excludable and they are not rival in consumption
a. True b. False Indicate whether the statement is true or false
Which of the following statements is false?
A) Activists are more likely to advocate fine-tuning the economy than nonactivists. B) Activists believe that monetary and fiscal policies can be and should be deliberately used to smooth out the business cycle. C) Nonactivists believe that monetary and fiscal policies cannot and should not be deliberately used to (try to) smooth out the business cycle. D) Nonactivists favor rules-based monetary policy. E) none of the above
Asset price inflation occurs when the prices of assets rise.
Answer the following statement true (T) or false (F)