If the reserve ratio is 4 percent, then the money multiplier is

A newspaper article in commenting on the local electric monopoly tells its readers that the company's dominant economic position as a monopolist allows it to produce whatever output level it desires and to set whatever price it wishes

Critically evaluate this position.

The opportunity cost of doing or getting something is best and fully defined as:

A. The difference between the marginal cost and benefit of doing something B. The materials used in doing or getting something C. The value of the best alternative that is given up in order to do or get something D. The money spent in doing or getting something