In the above figure, total revenue for this profit-maximizing monopolistically competitive firm is

Which of the following is a government expenditure, but is not a government purchase?

A) The federal government pays out an unemployment insurance claim. B) The federal government buys a Humvee. C) The federal government pays the salary of an FBI agent. D) The Federal government pays to support research on AIDS.

If a natural monopolist is unregulated, then

A) the monopoly will produce efficiently from society's point of view. B) the monopoly will produce inefficiently from society's point of view. C) the monopolist will be earning just a normal rate of return on investment. D) the monopolist will determine the profit maximizing quantity by equating marginal cost to the demand curve.