Which of the following is not necessarily true for a profit-maximizing single-price monopolist?
A) P > ATC
B) P > MC
C) P > MR
D) MR = MC
A
Economics
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Which of the following governmental expenditures are not included in gross domestic product?
a. The construction of federal buildings b. Social Security payments c. Salaries for senators d. Purchases of new defense weapons
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The Consumer Price Index (CPI) excludes goods imported from other countries and consumed by residents of the United States
a. True b. False
Economics