If a monopolist's profits were taxed away and redistributed to its consumers,
A) inefficiency would remain because output would be lower than under competitive conditions.
B) inefficiency would remain, but not because output would be lower than under competitive conditions.
C) efficiency would be obtained because output would be increased to the competitive level.
D) efficiency would be obtained because output would be increased and profits removed.
A
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A state with "right-to-work" laws would most likely have
A) higher employment levels than neighboring states without such laws. B) more workers' benefits than neighboring states without such laws. C) more union workers than neighboring states without such laws. D) more worker safety requirements than neighboring states without such laws.
In measuring income distribution, income and population are grouped by quintiles, each of which represents ______ percent of the income and population
a. 25 b. 20 c. 10 d. 100 e. 50