When all relevant information is used to forecast inflation, the resulting forecast is called

For a given pair of production outputs, the degree of economies of scope:

A) is constant across different output levels. B) only increases as the level of output increases. C) may increase or decrease with output. D) will always tend to zero as output becomes very large.

Suppose a monopolist cannot price discriminate. To maximize profit, it will

a. always produce in the inelastic range of its demand curve b. never produce in the elastic range of its demand curve c. never produce in the inelastic range of its demand curve d. never produce in the elastic range of its marginal cost curve e. produce in the elastic range of the marginal revenue curve