If a regulatory commission wishes to allow a firm to earn a normal rate of return, it should set price equal to:
a. marginal revenue

When economists speak of the demand for money, they refer to the amount of money people would like to hold

a. given that it can only be printed slowly b. in the best of all possible worlds c. in their bank accounts rather than their wallets d. at each interest rate e. rather than spend

When a monopolist's sales increase by one unit, it loses some marginal revenue and must sell every other unit at a lower price

a. True b. False Indicate whether the statement is true or false