The unregulated, single-price monopolist illustrated in the figure above will set a price of
A) $2.00 per unit.
B) $6.00 per unit.
C) $8.00 per unit.
D) $10.00 per unit.
D
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A key assumption of the public choice model is that government policymakers will pursue their own self-interests
Economists assume that consumers and firms pursue their own self-interests when they interact in competitive markets and this interaction results in efficient economic outcomes. Does the pursuit of self-interest by policymakers result in efficient economic outcomes?
A credible nominal anchor
A) can help overcome the time-inconsistency problem by providing an expected constraint on discretionary policy. B) can help to anchor inflation expectations, which leads to smaller fluctuations in inflation. C) is required for a policy rule. D) all of the above. E) both A and B.
A bank run __________ possibly mushroom into a bank panic because the quality of a bank's portfolio of loans __________ made public information by bank examining agencies
A) can; is B) can; is not C) cannot; is D) cannot; is not
When growth goes down, unemployment tends to go:
A. down at the same time, and vice versa. B. up at the same time, but remains sticky on the way down and lags behind. C. down shortly after, and vice versa. D. up shortly after, and vice versa.