A rise in national production and national income unambiguously leads to less pollution.

The profit-maximizing monopolist will never operate in a price range over which

A) the demand curve slopes downward. B) demand is inelastic. C) P > MR. D) P > MC.

If the groups are equal size and the firm can only set one price, how should the firm price the high-end wok?

a. Price low and sell to both the users b. Price high and sell only to the professional chefs c. Price low and sell only to the home users d. All of the above