In the above figure, when this monopolistically competitive firm produces its profit-maximizing output, it sets a per-unit price of

Which of the following is a liability of a commercial bank?

a. Property and buildings owned b. Loans c. Government bonds held d. Cash in its vault e. Deposits at the bank

A negative externality is a situation where: a. a third party suffers from a market transaction by others

b. a third party benefits from a market transaction by others. c. a market is able to maximize net social welfare. d. there is an increase in the private cost of a market transaction.