Disintermediation is a problem associated with a banking crisis

When a country imposes a tariff to protect a domestic monopolist from international competition, it will produce _______ output and charge _______ in a perfectly competitive domestic industry.

a. more; a higher price than b. the same; the same price as c. less; a higher price than d. less; a lower price than

Resources that are privately owned are less likely to be depleted than resources that are not privately owned

Indicate whether the statement is true or false