Contractionary fiscal policy

As more or less inputs are used, the isocost line will shift ____ or _____ respectively

Fill in the blank(s) with the appropriate word(s).

Patents and copyrights are designed to

a. eliminate above-normal profit in the short run b. move monopoly prices closer to prices that would occur under perfect competition c. prevent the capitalization of monopoly profit d. allow a period of above-normal profit to encourage innovation e. limit a monopoly's rent-seeking activities