Today, few U.S.-based manufacturing firms make their products exclusively in the United States out of entirely U.S.-made parts

In a market with a price support set above the equilibrium price,

A) consumers gain. B) taxes on consumers decrease. C) marginal benefit exceeds marginal cost. D) the market is efficient. E) farmers gain.

When producers would have been willing to accept lower prices at various quantities produced than the market clearing price, the differences are called

A) producer surplus. B) monopoly profits. C) opportunity cost. D) consumer surplus.