Imports are goods and services bought domestically but produced in other countries

The ________ in output due to each additional unit of a factor of production is ________ when other factors are held constant

A) increase; smaller B) decrease; larger C) increase; larger D) decrease; smaller

In the above figure, if this natural monopolist were unregulated, the profit maximizing firm would sell the product at the price

A) A. B) B. C) C. D) F.