Last year a firm made 1,000 units of its product available at a price of $5 per unit. This year the firm will still make 1,000 units available, but only if the price is $7 per unit. What is most likely to have happened?

A commercial bank's last resort for borrowing reserves is from the:

A) discount window. B) central government. C) federal funds market. D) foreign banks.

Some argue that the best response to monopolies is no response at all, because:

A. the creation of regulation may be too difficult. B. no one can ever decide which monopolies to regulate. C. left unchecked, all monopolies eventually shut down. D. they are too powerful to be dealt with effectively.