A government subsidy paid to a firm i. increases the demand for the good. ii. has no effect on the supply of the good. iii. leads to an increase in the equilibrium quantity

Wal-mart

(a) is the railroad of the late nineteenth century. (b) provides an example of how one large business enterprise still can seize market power to restrict entry and exit. (c) holds monopoly power in retail. (d) exists at the expense of consumers.

Firms in a monopolistically competitive market follow the same MR = MC profit maximization rule used by firms in other market structures

a. True b. False