Which type of public policy toward monopolies is much more common in Europe than in the United States?

If a monopolist's marginal revenue is $25 a unit and its marginal cost is $25, then

A) to maximize profit the firm should decrease output. B) to maximize profit the firm should continue to produce the output it is producing. C) to maximize profit the firm should increase output. D) Not enough information is given to say what the firm should do to maximize profit.

In an expansion,

a. federal budget deficits tend to rise b. federal budget deficits tend to fall c. the federal debt tends to rise faster than in a recession d. federal government tax receipts tend to fall e. there is pressure on the Fed to monetize the debt