A monopolist’s profit per unit is shown by the difference between price and marginal cost per unit.

When property rights are well defined and inexpensive to enforce, ________

A) collateral is an efficient solution to asymmetric information problems B) little or no collateral is needed to secure a loan C) banks become less dominant among intermediaries D) poor borrowers are at no disadvantage relative to wealthy borrowers

If businesses forecast significant economic growth in the future, they may: a. decrease their investment spending. b. increase their investment spending

c. decrease their consumption spending. d. increase their consumption spending.