By differentiating their products and promoting brand name loyalty, monopolistically competitive firms can raise prices without losing all their customers

The above figure shows the market for neckties after the government has imposed a tax. How much government revenue is generated by the tax?

A) $1,000.00 per month B) $800.00 per month C) $500.00 per month D) $400.00 per month

A nation's growth rate will most likely ________ as it converges to a new, higher balanced growth path

A) speed up B) slow down C) maintain its current pace D) become negative