If a monopolist ______ prices, the amount sold will ______.

The option-value principle can be roughly stated as "more choices can't make a person worse off.". Are there any exceptions to this rule? Choose all that apply. a. No

b. Yes, in strategic situations. c. Yes, in situations involving self-control. d. Yes, for certain complicated financial derivatives.

Which of the following will not result in a leftward shift of the market demand curve for labor?

a. a decrease in labor productivity b. a decrease in demand for the firm's product c. an increase in the wage rate d. a decrease in the firm's product price