When a new product is introduced in the market, Lenny always wants to see how popular the item becomes before he purchases it. Lenny's behavior is known as

Which of the following statements explains why monopolies weaken the functioning of the invisible hand?

A) A monopoly is a price taker. B) The quantity produced by a monopoly is too low. C) Monopolies face an upward sloping demand curve. D) A monopoly sets the price of its good below marginal costs.

The price of a coupon bond and the yield to maturity are ________ related; that is, as the yield to maturity ________, the price of the bond ________

A) positively; rises; rises B) negatively; falls; falls C) positively; rises; falls D) negatively; rises; falls