When a new airline opens service between two major cities, the supply of airline seats ____ and the supply curve of airline seats shifts ____. Question 15 options:
A. increases; leftward
B. decreases; leftward
C. increases; rightward
D. decreases; rightward
E. increases; does not change
C. increases; rightward
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Which of the following is true of sub-Saharan Africa?
What will be an ideal response?
In his book The Other Path, de Soto suggests that countries will grow more quickly if governments limit entrepreneurship.
Answer the following statement true (T) or false (F)
The graph below shows the Chamberlin model. If additional firms enter the market we would expect 
A. the dd curve to become steeper. B. the MC and ATC curves to shift downward. C. each individual firm to be worse off. D. the DD curve to shift right.
A monopoly has two production plants with cost functions C1 = 50 + 0.1Q12 and C2 = 30 + 0.05Q22. The demand it faces is Q = 500 ? 10P. What is the profit-maximizing price?
A. $18.75 per unit B. $31.25 per unit C. $6.25 per unit D. $12.5 per unit