Goods that are excludable include both
a. club goods and public goods.
b. public goods and common resources.
c. common resources and private goods.
d. private goods and club goods.
d
Economics
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In the long run, monetary and fiscal policies have no control over
A) the unemployment rate B) nominal GDP. C) the inflation rate. D) the interest rate
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Absent an ability to price discriminate, if a monopoly wants to sell more output, it must
a. raise its price b. lower its price c. increase barriers to entry d. obtain government permission e. negate its patent protection
Economics