Refer to Figure 9.3. If the market is in equilibrium, total producer surplus is
A) $2.
B) $3.
C) $200.
D) $400.
E) $600.
D
Economics
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A patent creates a monopoly by restricting ________
A) demand for the product B) the number of complements for the product C) the amount of advertising that can be undertaken D) entry into the market
Economics
Suppose a firm has 100 machines and 100 shares outstanding. The price per share is $2, and the purchase price of a machine is $1. So Tobin's q is equal to
A) 2. B) 1. C) 0.5. D) 1.5.
Economics