The figure above shows the cost, marginal revenue, and demand curves of Golden Chow, a producer of dog food. The market for dog food is monopolistic competition. In the long run as new firms enter, Golden Chow cuts its output to 200 cans per day

A municipal bond is

a. issued by the federal government. b. issued by state and local governments. c. issued by corporations. d. issued by households.

135. In the early 2000s, the government passed laws requiring banks and mortgage brokers to disclose the terms of home loans. This action by the government was an attempt to:

A. solve the information asymmetry problem, but did not work as intended. B. solve the information asymmetry problem and led to an improvement in the housing market. C. screen out risky or shady banks and mortgage brokers. D. signal to consumers that the government cared about the value of their homes.