Deadweight loss exists when a market is operated by a monopoly because the monopolist produces at an output level that is ____ the socially optimal level

What are common resources?

a) both rival in consumption and nonexcludable b) both rival in consumption and excludable c) both nonrival in consumption and excludable d) both nonrival in consumption and nonexcludable

If the cross-price elasticity of demand for goods A and B is zero, this means the two goods are unrelated

Indicate whether the statement is true or false