The Federal Reserve System began operations in

Which of the following is an example of signaling in a market with asymmetric information?

A) Certification of used cars by third parties B) Rent controls imposed by the government C) Discounts offered by sellers during the holiday season D) Taxation of alcoholic beverages

The fundamental reason a single-price monopoly creates a deadweight loss is that compared to the efficient outcome, the single-price monopoly

A) raises variable cost. B) raises fixed cost. C) restricts output. D) reduces the elasticity of demand.