The U.S. economy has been more stable since 1950

Because a monopolist is the sole producer in its market, it can necessarily alter the price of its good

a. by adjusting the quantity it supplies to the market. b. by changing its marginal cost. c. without affecting its average total cost. d. without affecting the quantity sold.

In practice, the Bretton Woods system is best described as

A) an adjustable peg. B) a purely fixed exchange rate C) a gold exchange standard D) Both A and C