A monopoly producer of a durable good:

a. can earn even greater profits than a producer of a non-durable.
b. must consider competition from its own output decisions.
c. will have higher marginal costs than most other monopolies.
d. will not set marginal revenue equal to marginal cost.

b

Economics

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Total government expenditure as a percentage of GDP is lower in the United States than in Sweden

a. True b. False

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