Refer to the figure above. If the monopolist faces a constant marginal cost of $10, at what price should it sell its output?

The most effective mechanism for reducing runs on banks is _____

a. the discount rate b. deposit insurance c. the reserve requirement d. open-market operations e. the Federal Reserve note

The overuse of a common resource relative to its economically efficient use is called

a. the free rider problem. b. the Tragedy of the Commons. c. a public good. d. cost-benefit analysis.