The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a perfectly competitive market, the change in consumer surplus is

To join the EMU, a country should have no more than

A) 1.5 percent inflation rate above the average of the three EU member states with the highest inflation. B) 3 percent inflation rate above the average of the three EU member states with the lowest inflation. C) 4 percent inflation rate above the average of the three EU member states with the lowest inflation. D) 1.5 percent inflation rate above the average of the three EU member states with the lowest inflation. E) 2 percent inflation rate above the average of the three EU member states with the lowest inflation.

Exhibit 10-1 A monopolistic competitive firm As presented in Exhibit 10-1, the short-run profit-maximizing output for the monopolistic competitive firm is:

A. zero units per day. B. 200 units per day. C. 400 units per day. D. 600 units per day.