Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. In the long run in this monopolistically competitive industry,
A. all firms will leave the industry.
B. some firms will leave the industry until the remaining firms break even economically.
C. product supply will increase so prices will go up.
D. some firms will enter the industry and industry profits will increase.
Answer: B
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A) mezzanine B) uncollateralized C) zero-coupon D) risk-free
As Reba consumes four slices of pizza, her total utility rises from 0 to 18, to 24, to 28, and to 30, respectively. What is her marginal utility of the first slice of pizza?
a. 18 b. 24 c. 2 d. 7 e. 8
If the economy suffers a recession for reasons unrelated to fiscal policy, the deficit should rise and
a. inflation should fall. b. interest rates should fall. c. real GDP should fall. d. All of the above are correct.
The legal cartel theory of regulation argues that:
A. regulation encourages firms to inflate their production costs. B. firms in certain industries want to be regulated rather than face the rigors of competition. C. social regulation has been carried beyond the point at which marginal benefits and marginal costs are equal. D. the government is the logical agency to protect consumers from natural monopolies.