The deadweight loss caused by the monopoly market structure is equal to the loss of total surplus resulting from the good being sold by a monopolist rather than in a competitive market

When a check is cleared against Bank A after being deposited at Bank B, _____

a. both Bank A's and Bank B's liabilities increase b. both Bank A's and Bank B's liabilities decrease c. Bank A's liabilities increase and Bank B's liabilities decrease d. Bank A's liabilities decrease and Bank B's liabilities increase e. there is an increase in the liabilities of the Federal Reserve

In order to increase society's total welfare (social efficiency), a production process that produces a negative externality should be:

a. taxed. b. provided by the government. c. ignored. d. subsidized.