Some economists see monopolies as inevitable, but not necessarily bad. They recommend a policy of

If a firm stops production, then its:

A. variable costs decrease to zero. B. total costs decrease. C. fixed costs stay the same. D. All of these are true.

Other things constant, a decrease in consumer income will do which of the following?

a. Cause a movement along the demand curve for large-screen television sets, but it will not shift the demand curve. b. Decrease the demand for large-screen television sets. c. Increase the demand for large-screen television sets. d. Have no impact on the quantity demanded or the demand curve for large-screen television sets.