Technological advancements have led to lower prices and an increase in the sale of color laser printers. How does this affect the market for laser printer ink cartridges?

Which of the following statements is an example of normative economic analysis?

A) Pollution regulations have raised the cost of production for energy companies. B) As the wage rate increases, companies are hiring fewer workers. C) Improvements in technology have reduced the time needed to manufacture automobiles. D) Tablet computers should be manufactured in countries that do not restrict internet access to their citizens.

Monopolistically competitive firms, like monopoly firms, maximize their profits by charging a price that exceeds marginal cost

a. True b. False Indicate whether the statement is true or false