In the above figure, if the natural monopoly is regulated with an average cost pricing rule and the firm does not inflate its costs, then consumer surplus will be

Interindustry trade refers to

A) international trade of products made within the same industry. B) domestic trade of products made within the same industry. C) international trade of products made across different industries. D) the exchange of similar items that are differentiated. E) None of the above.

At all points below the current LM curve,

A) the supply of output exceeds output demand. B) the supply of output falls short of output demand. C) the supply of money falls short of money demand. D) the supply of money exceeds money demand.