Based on the production and revenue data in the above table, if the wage rate is $35 per worker, how many workers will be hired?

A bureaucrat at a public utility commission hearing testifies that the local area telephone monopoly is able to maximize its revenue. For that reason the rate-hike request should be denied

What will be an ideal response?

If the pricing of one firm is partially influenced by what it thinks another firm will do, the two firms are

A) interdependent. B) bundled. C) tied. D) independent.