A monopolist's supply curve
a. is the upward-sloping portion of its marginal cost curve
b. is the portion of its marginal cost curve above AVC
c. is parallel to its long run ATC curve
d. does not exist because quantity supplied depends on the market demand curve
e. is derived from the average variable cost curve
D
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Which of the following is a problem that arises in a health insurance market?
A) There are a large number of buyers of various insurance programs. B) There exists a fierce competition between the insurance providers. C) A disproportionate number of high-risk individuals are attracted to buy insurance. D) Only risk-averse individuals buy insurance.
The repo market is most closely related to the
A) federal funds market. B) Treasury bond market. C) Treasury note market. D) commercial paper market.
Costs that accrue to the total population are called ____ costs. Costs incurred by the producer or consumer who makes the decision are called ____ costs
a. negative; positive b. social; private c. private; social d. positive; negative
People who work part time but desire to work full time are considered to be officially unemployed.
Answer the following statement true (T) or false (F)