With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.

Changes in the amount of goods produced, but not sold in a given year is called:

A) inventory investment B) business fixed investment C) residential fixed investment D) consumption

Which one of the following is the best description of a monopolist?

a. a firm that produces a single product b. a firm that is the sole producer of a narrowly defined product class, such as yellow, grade-A butter produced in Wisconsin c. a firm that is the sole producer of a product for which there are no good substitutes in a market with high barriers to entry d. a firm that is large relative to its competitors