If the interest rate is 10 percent, what is the present value of an asset that yields an annual return of $10,000?

"Because of rent seeking, a monopoly may end up earning a normal profit." Is the previous statement correct or incorrect? Why?

What will be an ideal response?

A tariff

A) makes everyone worse off. B) makes domestic consumers better off. C) makes domestic producers better off. D) makes both domestic producers and consumers better off.