Television broadcasts are often given as examples of a public good. However, it is possible to code a broadcast so that only people who pay for the decoder box can view it. The use of a coded signal does what to a television broadcast?

What is a multilateral exchange rate?

a. It is an exchange rate that is measured by using a number of different techniques. b. It is an exchange rate that calculates the overall movement of the rate against more than just one other currency. c. It is an exchange rate that is measured once every 10 years. d. It is a rate that is set by the IMF for many different nations.

The figure above shows the demand and cost curves for a single-price monopoly. The firm's economic profit equals

A) $0. B) $300. C) $100. D) $50.