A price ceiling set below the equilibrium price ________ search activity and ________ the use of black markets

Providing unemployment insurance is one way a government can

A) create public-works programs. B) break up monopolies. C) enforce rules of exchange. D) reduce economic uncertainty.

Average cost pricing for a natural monopoly will results in ______.

a. the socially efficient level of output b. a less than socially efficient level of output c. a greater than socially efficient level of output d. the firm suffering economic losses e. the firm earning economic profit