Based on the graph above, what is the difference between the purely competitive equilibrium level of output and the pure monopolist equilibrium level of output?

Which of the following statements is true?

A) Another name for capital consumption allowance is depreciation. B) When there are two consecutive quarterly declines in Real GDP the economy is said to be in recession (based on the standard definition). C) In the expansion phase of a business cycle, Real GDP rises beyond the recovery. D) a and b E) a, b, and c

When deciding what to use as money, one characteristic to look for is its:

A. convenience. B. exchange value. C. intrinsic value. D. shape.