When the market for gasoline in Motorland is in equilibrium, the deadweight loss is
A) $37,500 per month.
B) $150,000 per month.
C) $75,000 per month.
D) zero.
C
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Real GDP changes when
A) all prices change by the same proportion, but all outputs remain constant. B) some but not all prices change, but outputs remain constant. C) some outputs change, but prices remain constant. D) Both B and C.
The financial situation at Starbucks in the late 2000s illustrates the fact that maintaining long-run profits in a monopolistically competitive market is
A. very difficult. B. impossible. C. almost always guaranteed. D. fairly easy.
The United States recently levied tariffs on tires imported from what country?
a. Japan b. Brazil c. Russia d. China
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If twelve microwave ovens are produced, Micro Oven's average total costs are
A. $25. B. $41.67. C. $50. D. $66.67.