Sam, a fish wholesaler, entered into a contract with a department store to supply herring at a price of $2.50 per pound for a year. When a hurricane closed most fisheries Sam increased the price to $3.25 per pound and refused to sell at the old price. Sam's behavior is an example of opportunism

Supply-side fiscal policies were advocated by the Reagan administration

a. True b. False Indicate whether the statement is true or false

Which of the following is an example of a natural monopoly?

a. A local electricity supplier. b. A dry cleaner in New York City. c. An aircraft manufacturer. d. A pharmaceutical company that holds a patent on a new drug.