The profit that a monopolist earns represents a loss to society that is measured through deadweight loss

An announcement that smoking will harm your ability to think clearly will most likely result in:

A) an increase in the quantity of cigarettes demanded. B) a decrease in the demand for cigarettes. C) no change in smoking habits. D) an increase in the equilibrium price of cigarettes.

A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future

Indicate whether the statement is true or false