In an entry game, managers to look into the ________ and work ________.

When a monopolist chooses the level of output where marginal cost equals marginal revenue:

A. profits are maximized. B. price is set at marginal revenue. C. price is equal to average total costs. D. total revenue is maximized.

 In the basic aggregate expenditures model, a decrease in autonomous expenditure

A. increases equilibrium output. B. reduces equilibrium output. C. reduces potential output. D. increases potential output.