Refer to the graph shown. Assuming that the monopoly maximizes profit, it will earn profits of:

Refer to the scenario above. If the marginal cost of producing the last unit of the good is $40, Nash equilibrium will occur when both firms charge a price of ________

A) $20 B) $40 C) $60 D) $70

Financial innovation is

A) the process of turning assets into a more liquid form. B) the development of new financial products and services. C) responsible for credit cards being included as part of money. D) causing a decrease in bank profits.