If a profit maximizing monopolist faces a linear demand curve and has zero marginal cost, it will produce at

The argument that developing countries should nurture their infant domestic industries by protecting them from foreign competition is known as

A) the infant industry argument. B) the escape clause hypothesis. C) preservation of the home market. D) institutional fair trade policy.

A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of that good

a. True b. False Indicate whether the statement is true or false