The tax cuts of 2008 and 2009 reduced the disposable income of U.S. consumers

When two firms collude to maximize profit the total quantity produced by both firms taken together is determined at the quantity where ________

A) excess capacity is minimized B) industry marginal cost equals industry marginal revenue C) the price equals the industry's marginal cost D) excess capacity is as large as possible zero

The Coase Theorem is the proposition that private economic transactions are efficient if the number of involved parties is small, if property rights ________, and transactions costs are ________

A) exist; high B) exist; low C) do not exist; high D) do not exist; low