Refer to Table 2.3. Nominal GDP in 2010 is

In equilibrium, which of the following conditions is common to both unregulated monopoly and pure competition?

A) P = MR B) AR = ATC C) MR = MC D) MC = P

The questions of what to produce, how to produce, and for whom are answered by

a. free-market economies. b. economies that are a mixture of planning and markets. c. command economies. d. all economic systems in some manner.