Treasury bonds are so safe (risk-free) that they often pay relatively low returns

The difference in total surplus between the socially efficient level of production and the monopolist's level of production is

a. offset by regulatory revenues. b. called a deadweight loss. c. equal to the monopolist's profit. d. Both b and c are correct.

If a firm is a union shop, then

A) a worker may elect to either join or not join the union. B) only workers who have been union members for two years may be employed. C) only union members may be employed by the firm. D) a non-union worker may be hired but must join the union within a certain time period.