A monopolist will maximize its profits by charging a higher price for customers with a price elasticity of

If a good has zero external costs, then

A) marginal social cost equal marginal private cost. B) marginal social cost is greater than marginal private cost. C) marginal social cost is less than marginal private cost. D) we need more information to determine the relationship between private and social costs.

The Supplemental Nutrition Assistance Program (SNAP):

A. was previously known as the food-stamp program. B. added assistance to the food-stamp program by targeting children. C. was created to supplement the food consumption of low-income Social Security recipients. D. has been subject to widespread fraud through the illegal reproduction of paper food-stamp coupons.