Which of the following strategies is not an effective strategy to reduce monopoly inefficiency?

After Hurricane Katrina devastated parts of Mississippi and New Orleans in 2005, we can be sure that the production possibilities frontier for that area temporarily

A) shifted inward, toward the origin. B) shifted outward, away from the origin. C) became flatter. D) became steeper.

A ban on imports, a tariff, or a quota raise the price to domestic consumers. This means that consumers will buy less of the product at a higher price. The loss associated with this is called

A) production associated loss. B) barrier associated loss. C) deadweight loss. D) trade loss.