To maximize profits, a firm should expand production as long as it is making profits.

In a fixed exchange rate system, the center country, to whose currency the other countries peg their exchange rate, will:

A) find it difficult to conduct autonomous monetary policy. B) find it difficult to conduct autonomous fiscal policy. C) easily implement monetary and fiscal policy to suit its economy. D) defer to advice from other countries in conducting its domestic policy.

Unlike firms in perfect competition, monopolists have control over

a. the costs of production b. what technology to use c. what price to charge d. how much to produce e. the choice of plant size