Based on the graph below, what is the difference between the purely competitive equilibrium level of output and the pure monopoly equilibrium level of output?

Most food products have low income and price elasticities of demand

Indicate whether the statement is true or false

What term means an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of use?

A) superinflation B) stagflation C) hyperinflation D) maginflation E) deflation