When compared with the purely competitive industry with identical costs of production, a monopolist will produce:
A. More output and charge the same price
B. More output and charge a higher price
C. Less output and charge a higher price
D. Less output and charge the same price
C. Less output and charge a higher price
Economics
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The impact of financial markets on the economy comes partly through
A) the substitution effect. B) the wealth effect. C) the international trade effect. D) the travel effect.
Economics
A $10 billion reduction in taxes increases Real GDP by $60 billion. Assuming a constant price level, what does the tax multiplier equal?
A) 70 B) 6 C) 50 D) 0.17 E) 0.83
Economics