Holding other factors constant, if 3D-printing technology allows factory workers to manufacture more products per hour, then the real wages of factory workers will ________ and employment of factory workers will ________.

Steven Levitt and Chad Syverson compared home sales in which real estate agents are hired by others to sell a home to instances in which an agent sells his or her own home. They found that homes owned by real estate agents sold for 3

7 percent more than other houses and stayed on the market 9.5 days longer, everything else equal. How could moral hazard explain these results?

Based on the graph showing equilibrium output and price for a monopolist, the profit loss from producing too much is located ______.

a. below the marginal revenue curve
b. below the marginal cost curve
c. above the demand curve
d. to the right of the demand curve