Refer to Figure 16-6. If Sensei acts as a monopolist and charges the profit-maximizing price, what is his producer surplus?
A) the area A + C + H B) the area A + B + C + D + H + G
C) the area B + D + G D) the area C + D + H + G
D
Economics
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Which of the following is an advantage of automatic stabilizers?
A) The lag for automatic stabilizers is relatively long. B) It is much easier to measure the impact of automatic stabilizers compared to the impact of discretionary fiscal policy. C) There is no administrative cost to implementing automatic stabilizers. D) Because they affect disposable personal income directly, automatic stabilizers act swiftly to reduce the degree of changes in real GDP.
Economics
Platform businesses are firms that:
A. produce platforms for producing goods. B. facilitate interaction among people. C. initiate international trade. D. focus on freedom of speech.
Economics