Laissez faire is a policy that espouses central planning

If a natural monopoly regulatory commission sets a price where marginal cost is equal to demand

A) the firm would earn monopoly profits. B) the firm would incur a loss. C) economic efficiency would not be achieved. D) the firm would break even.

The increase in the availability of ATMs has caused the cost of acquiring currency to ________ which will cause the currency ratio to ________, everything else held constant

A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease