Poverty and inequality in the U.S. are well below the OECD average

Fluctuations in aggregate demand and aggregate supply explain why real GDP fluctuates

Indicate whether the statement is true or false

Monopoly pricing prevents some mutually beneficial trades from taking place. These unrealized, mutually beneficial trades are

a. less of a concern for a monopoly than competitive market. b. offset by the higher profits earned by a monopolist. c. a function of the reduction in the quantity produced by a monopolist in comparison to a competitive market. d. All of the above are correct.