At a competitive market equilibrium, if there are no taxes, subsidies, price regulations, quantity regulations, or externalities, i. consumer surplus is minimized. ii. marginal cost equals marginal benefit. iii. resources are efficiently used

Television programming might be targeted for protection in a country using which of the following arguments?

A) Infant industry B) National security C) Labor argument D) Cultural protection

One necessary step in demonstrating monopolistic behavior is to define the market. In this process, defendants would:

a. claim that the market was not in equilibrium. b. want the market defined as narrowly as possible. c. deny that a market existed. d. assert that the market was not stable. e. want the market defined as broadly as possible.