If a monopoly is producing an amount of output level at which marginal revenue exceeds marginal cost, in order to increase its profit the monopoly will ________ its price and ________ its output

Through its impact on the desired stock of housing, higher expected income would lead to ________

A) an increase in residential investment B) a decrease in expected house price appreciation C) a decrease in residential investment D) a decrease in single-family dwellings

Since a union represents individuals rather than firms, it cannot be considered a monopoly

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