The marginal cost of a monopolist is constant and is $10. The marginal revenue curve is given as follows: MR = 100 - 2Q The profit maximizing price is

During recessions, the government tends to run a budget deficit

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

When a principal attempts to get an agent to reveal his or her private information, which of the following is occurring?

a. Screening b. Signalling c. Moral hazard d. Adverse selection