The fact that the washroom usually has paper towels left (free to the consumer) suggests that the marginal utility of paper towels quickly diminishes to 0 for each consumer

In 1999, the Eurozone was:

A) formed by all European countries to reduce tariffs. B) formed by 11 countries to adopt a new currency. C) formed by 21 countries to allow labor migration between countries. D) renamed the World Trade Organization.

When producers agree to restrict output, raise the price, and increase profits, the agreement is called ________

A) a pricing agreement B) an oligopoly agreement C) a collusive agreement D) a monopoly agreement