Monopoly and monopsony markets have low barriers to entry.

When an individual who has not been working but has been looking for work decides to terminate the search process, the official unemployment rate

A) will fall. B) will rise. C) will remain unchanged. D) may fall or rise depending on whether or not the individual resumes his education.

Refer to Figure 4-3. What area represents producer surplus at P2?

A) A + B + D B) B + D + G C) B + C + D + E D) B + D