Authors are allowed to be monopolists in the sale of their books in order to
a. encourage authors to write more and better books.
b. correct for the negative externalities that the Internet and television impose.
c. satisfy literary advocacy groups that exercise their lobbying power.
d. promote a society in which people think for themselves and learn from whichever books they please.
a
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An example of a seller in a financial market would be:
A. entrepreneurs starting new ventures. B. the government when it needs to finance public spending. C. individuals who have a savings account. D. families buying new cars
Any restriction on the ease of exchanging on currency for another tends to harm
A. both the prospective import purchaser and the prospective export manufacturer. B. no one. C. only the prospective purchaser of imported goods. D. only the prospective manufacturer of goods for export.