Education, public libraries, and museums are examples of

Mr. Paque is a bear hunter for timber companies that want to diminish damage to trees done by bears in the spring. Due to a reduction in the bear population between 1995 and 2005, Mr. Paque finds fewer bears each year and additional hours spent hunting produce fewer additional bears. With the information given and noting that the bounty on bears has risen, one can conclude that (i) Mr. Paque's

income per hunting hours will fall; (ii) the derived demand for Mr. Paque's services will shift left. a. i and ii b. i not ii c. ii not i d. neither i nor ii

There are a smaller number of firms that operate in both monopolistic competition and perfect competition.

Answer the following statement true (T) or false (F)