If the demand for a product increases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase

Which of the following is an implication of the Coase Theorem?

A) Bargaining cannot lead to an efficient allocation of resources. B) Government intervention is not always necessary to solve externality problems. C) Negotiation leads to an efficient outcome if transaction costs are high. D) Taxation leads to an efficient allocation of resources regardless of who holds the property rights.

The marginal revenue curve for a single-price monopoly

A) is horizontal. B) is upward sloping. C) lies above the market demand curve. D) lies below the market demand curve.