Secondary markets make financial instruments more

Assume someone organizes all farms in the nation into a monopoly. What is the monopoly's marginal cost curve?

A) It is a horizontal line at the competitive industry's price. B) It is a vertical line at the formerly competitive industry's quantity. C) It is a vertical line at the monopoly's chosen output level. D) It is the formerly competitive industry's supply curve. E) It is the same as the formally competitive industry's average total cost curve.

If a new economics educator with a Ph.D. finds work as a taxi driver, but continues to look for a professorship, he is counted as employed

Indicate whether the statement is true or false