Assume a consumption function of the following form: C = 100 + .8Y. If income is equal to $3,000, then consumption is

If a town has a monopsony, this means:

a. there is only one employer. b. price discrimination takes place. c. goods are priced too high. d. no unions can exist. e. excess profits are being made

Rent controls are most often designed to protect the investment made by apartment building owners

a. True b. False Indicate whether the statement is true or false