The budget deficit is the amount by which a government's expenditures exceed its receipts

Refer to the scenario above. What is the sum of the payoffs to the firms if both firms use Strategy A?

A) 1 B) -2 C) 2 D) 0

Monopolists are like perfectly competitive firms in that ______.

a. both maximize profits at the output level where marginal revenue equals marginal cost b. both could be earning either profits or losses in the short run c. both are in industries with downward-sloping demand curves d. all of these are true of both of them e. both maximize profits at the output level where marginal revenue equals marginal cost and both could be earning either profits or losses in the short run are true of both of them, but not both are in industries with downward-sloping demand curves