The combining of First Union National Bank and The National Bank of Memphis is an example of

Which of the following would not cause an increase in the demand for cheese?

a. a decrease in the price of crackers, which are consumed with cheese b. an increase in the income of cheese consumers, assuming that cheese is a normal good c. an increase in the population d. a technological advance that makes it cheaper to produce cheese

A natural monopolist that sets prices equal to marginal cost will:

A. incur losses. B. have zero profit. C. still make a positive economic profit. D. be government owned.