The underlying reason of the problem of pollution is
A) a poorly run Environmental Protection Agency.
B) greed on the part of consumers.
C) greed on the part of producers.
D) poorly defined property rights that are expensive to enforce.
Answer: D
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To practice long-run price discrimination, a monopolist must:
A. charge one price to all buyers. B. permit the resale of the product by the original buyers. C. be a natural monopoly. D. be able to separate buyers into different markets with different price elasticities.
The financial crisis in the United States in 2007-2009 brought about all but which of the following changes:
A. a run on money-market mutual funds. B. the placement of the two government-sponsored enterprises for housing finance into conservatorship. C. an increase in the deposit share of the top four U.S. commercial banks. D. a rise in the number of unit banks.