If one producer has control over an entire market and underproduces, the producer will
A) increase producer surplus by lowering pollution costs.
B) increase consumer surplus by lowering producer surplus.
C) increase both consumer and producer surplus.
D) create a deadweight loss.
E) decrease the deadweight loss that would exist if the market were efficient.
D
Economics
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In the Classical model, the aggregate supply curve determines the
A) price level. B) inflation rate. C) level of output. D) money supply.
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If a restaurant guest said, "Every bite, including the last bite, tasted as good as the first," then the marginal utility for her
A) is decreasing. B) is increasing. C) is constant. D) is positive.
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