This monopolist
A. is in the short run.
B. is in the long run.
C. may be in the short run or the long run.
C. may be in the short run or the long run.
Economics
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Which of the following statements is always true? a. An increase in price will lead to an increase in producer surplus along a supply curve. b. An increase in price will lead to an increase in consumer surplus along a demand curve. c. A price ceiling will lead to an increase in consumer surplus
d. A price floor will lead to an increase in consumer surplus.
Economics
Increased government spending on unemployment insurance during a recession is an example of:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. discretionary fiscal policy. D. an automatic stabilizer.
Economics