The estimated value of all financial assets held by U.S. households and nonprofit organizations in 2012 was about:

In the long run, firms in monopolistic competition have excess capacity

Indicate whether the statement is true or false

Refer to Figure 9.3. If the market is in equilibrium, total consumer and producer surplus is

A) $0. B) $4. C) $5. D) $600. E) $800.