Refer to the diagram for a pure monopolist. Suppose a regulatory commission is created to determine a legal price for the monopoly. If the commission seeks to provide the monopolist with a "fair return," it will set price at:

Governments promote long-run inflation when they depend on ________ to finance their expenditures

A) issuing bonds B) taxation C) raising the national debt D) money creation E) selling off assets

In the short run, the perfectly competitive firm will always earn an economic profit when

A) P = ATC. B) P > AVC. C) P = MC. D) P > ATC.