Which statement is true?
A. In 1900 most Americans lived on farms.
B. The United States' industrial base was largely destroyed by World War I.
C. John D. Rockefeller controlled the U.S. automobile industry during the first two decades of the 20th century.
D. Andrew Carnegie was the leading steel producer in the U.S. in 1900.
D. Andrew Carnegie was the leading steel producer in the U.S. in 1900.
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From an economic perspective, there is "too little" pollution in a market if
a. The profits of businesses are not maximized b. The marginal benefits of a polluting activity exceed the marginal costs c. The marginal costs of a polluting activity exceed the marginal benefits d. The net social benefits of pollution are zero e. The net private benefits of pollution are zero
"Being the only seller in the market, the monopolist can choose any price and quantity it desires." Evaluate this statement: Is it true or false? Explain your answer
What will be an ideal response?