When a monopolist chooses the output that maximizes profits, we know that MR = MC and also that P > MR. This is inefficient because
a. the monopolist is not minimizing costs
b. the monopolist is the only producer in the market.
c. the monopolist fails to make transactions where the marginal benefit is greater than the marginal cost.
d. there are entry barriers.
c
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A) Federal funds note B) U.S. Treasury note C) U.S. Treasury bill D) U.S. Treasury bond
Panel data
A) is also called longitudinal data. B) is the same as time series data. C) studies a group of people at a point in time. D) typically uses control and treatment groups.
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a. True b. False
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Answer the following statement true (T) or false (F)