If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee

The manner in which one oligopolist reacts to a change in price, output, or quality made by another oligopolist in the industry is

A) a cooperative game. B) the reaction function. C) a zero-sum game. D) the concentration ratio.

For a monopoly,

a. price and output are closely-linked choices b. marginal revenue always exceeds marginal cost c. price always exceeds average total cost in the short run d. price is set independently from the output decision e. price is always the highest that the market will bear