Monopolizing the sale of liquor

A) can lead to an increase total welfare.
B) will decrease total welfare.
C) results in a deadweight loss.
D) is anti-competitive and thus lowers total welfare.


A

Economics

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A tax imposed on imported goods is

A. A tariff. B. An embargo. C. An example of fiscal policy. D. A quota.

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Inventories are included in GDP because

A. they are value added to final goods. B. they were produced and are sold in their final form. C. they will depreciate. D. they are considered government spending.

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A monopolist's marginal revenue is always less than its price at any one level of output.

Answer the following statement true (T) or false (F)

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