If MR < MC, a monopolist should:

If unemployment is the major problem in the economy, which of the following would be an appropriate monetary policy response?

a. decrease taxes b. decrease the discount rate c. sell government bonds d. all of the above

The mayor of Smallville allows all citizens to access his private swimming pool in summer. By doing so, he converts a _____ into a _____

a. private good; public good b. public good; merit good c. private good; club good d. club good; private good