Standardization of financial instruments has occurred as a result of:

30% of the electric bulbs produced in a factory in Xenonia during a year were found to be defective and could not be sold. Which of the following is likely to happen in this case?

A) Xenonia's GDP will increase. B) Xenonia's trade surplus will increase. C) Xenonia's GDP will remain unchanged. D) Xenonia's GDP will decrease. Jane stitched a prom dress which she could have bought for $180 from a store.

Deadweight loss from monopoly power is expressed on a graph as the area between the

A) competitive price and the average revenue curve bounded by the quantities produced by the competitive and monopoly markets. B) competitive price line and the marginal cost curve bounded by the quantities produced by competitive and monopoly markets. C) competitive price line and the monopoly price line bounded by zero output and the output chosen by the monopolist. D) average revenue curve and the marginal cost curve bounded by the quantities produced by competitive and monopoly markets.