Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If Ohio Edison engages in rent-seeking behavior to maintain their monopoly, the true ________ is BEC and the portion of area FGBE that pays for the rent-seeking behavior.
A. net social gain from monopoly
B. net social cost of monopoly
C. consumer surplus
D. producer surplus
Answer: B
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The dominance of banks in Germany comes at the expense of __________ markets there
A) securities B) government bond C) consumer borrowing D) foreign exchange
Which of the following is not an effective method of reducing negative externalities?
a. relying on voluntary compliance b. taxing the output of industries that pollute c. creating legal environmental standards d. increasing public spending on cleanup and reduction of pollution
The kinked demand theory attempts to explain why an oligopolistic firm:
A. has relatively large advertising expenditures. B. fails to invest in research and development. C. infrequently changes its price. D. engages in excessive brand proliferation.
A perfectly competitive firm's marginal revenue
A) may be either greater or less than price, depending on the quantity sold. B) is equal to price. C) is greater than price. D) is less than price because a firm must lower its price to sell more.