Which of the following statements about private and social costs is TRUE?
A) Social costs include externalities.
B) Private cost do not include externalities.
C) Social costs are never smaller than private costs.
D) All of the above.
D
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Monopolists can practice price discrimination in all monopoly markets
a. True b. False Indicate whether the statement is true or false
A budget deficit
a. changes the supply of loanable funds. b. changes the demand for loanable funds. c. changes both the supply of and demand for loanable funds. d. does not influence the supply of or the demand for loanable funds.
Precautionary saving is saving:
A. done in anticipation of sales or bargain in the future. B. for the purpose of leaving an inheritance. C. for protection against unexpected setbacks, such as the loss of a job or a medical emergency. D. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
The In the News article "A Sirius Mistake? FCC Approves XM-Sirius Merger" discusses the proposed merger of two satellite radio companies. Antitrust officials will examine the merger in order to
A. Increase the profitability of monopolies. B. Prevent the abuse of market power. C. Prevent economies of scale. D. Protect the government from frivolous lawsuits.