As a monopolist's profit-maximizing quantity moves further away from the competitive industry's profit-maximizing quantity,
A. the larger the deadweight loss in the market.
B. the larger the profits of the monopoly.
C. the smaller the deadweight loss in the market.
D. the harder it is for the firm to stay as a monopoly.
Answer: A
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Opening this economy to trade would benefit ________ and harm ________.
A. everyone; no one B. no one; everyone C. domestic car producers; domestic car consumers D. domestic car consumers; domestic car producers
An export subsidy is
A) a payment to a firm or individual that ships a good abroad. B) a fee that is charged to a country that ships goods to the U.S. C) a payment made to a foreign government in return for preferential trade treatment. D) illegal in the U.S. but is fairly common in the rest of the world. E) a limit on the quantity of a good or service that can be sold abroad.
Banks in the United States still cannot
A) own finance companies. B) be full-service brokers. C) offer their own mutual funds. D) offer merger advisory services.
The American individual income tax is:
A. progressive. B. regressive. C. proportional. D. a lump sum.