For a monopolist to maximize profits, its

A. price equals marginal revenue.
B. marginal revenue exceeds price.
C. price equals average total cost.
D. price exceeds marginal cost.


Answer: D

Economics

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If the fraction of U.S. government securities held by foreigners increases, _____

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Economics

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Economics

Suppose the government of New Country has fixed the value of its currency, the New Peso, at $1 per New Peso, but the market equilibrium value of the New Peso is $0.50 per New Peso. In order to maintain the official value of the New Peso the Central Bank of New Country must either ________ domestic interest rates, or ________the supply of international reserves by purchasing New Pesos

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Economics