If a widow is harmed by mail fraud,
a. she may be compensated under property law
b. her legal action will be in the category of antitrust law
c. she may be compensated under tort law
d. this is a potential Pareto improvement
e. an economic inefficiency has arisen
E
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Total reserves are the sum of ________ and ________
A) excess reserves; borrowed reserves B) required reserves; currency in circulation C) vault cash; excess reserves D) excess reserves; required reserves
Which of the following is NOT true about the demand curve faced by a monopolist?
A) The demand curve is downward sloping. B) The firm's demand curve is the same as the market demand curve. C) The marginal revenue curve is below the market demand curve. D) The demand curve is perfectly elastic.
It more difficult for firms to reach collusive agreements when they are of different sizes, with substantially different production costs and estimates of demand conditions, than when these differences are smaller
a. True b. False Indicate whether the statement is true or false
______________ is the additional output that can be produced by adding one more unit of a particular input while holding all other inputs constant.
Fill in the blank(s) with the appropriate word(s).