The amount of revenue the government collects after imposing the tariff is ________.

All but one of the following have been suggested by some economists as possible consequences of path dependency and switching costs. Which of the following is not a possible consequence of path dependency and switching costs?

A) Consumers may get locked into using products with inferior technology. B) market failure C) diseconomies of scale D) Government intervention may be necessary in affected markets in order to improve economic efficiency.

In which of the following ways is the demand curve different in graph a and graph b

a. In graph a, its horizontal; in graph b, its upward sloping.
b. In graph a, it touches the minimum point of the ATC curve; in graph b it misses this point.
c. In graph a, it equals P; in graph b, it equals MC.
d. In graph a, it intersects the MC curve; in graph b, it misses the MC curve.