Revenue from a(n) __________ goes to the U.S. government while revenue from a(n) __________ goes to whomever secures the right to sell foreign goods in the U.S. market

If the natural monopoly shown in the figure above is unregulated, then the deadweight loss will be

A) $0. B) $2 million. C) $4 million. D) $8 million.

Which of the following accurately describes economic growth and standards of living between 1,000,000 B.C. and 1300 A.D.?

A) No sustained economic growth occurred between 1,000,000 B.C. and 1300 A.D. B) Significant economic growth took place between 1,000,000 B.C. and 1300 A.D. C) Standards of living substantially declined from 1,000,000 B.C. to 1300 A.D. D) Standards of living in 1300 A.D. were substantially better than what they were in 1,000,000 B.C.