Suppose the accompanying table describes the relationship between price and quantity demanded for a monopolist.  QuantityPrice1$102$93$84$75$66$57$48$3If the marginal cost of producing each unit of output is $5, then at the monopolist's profit-maximizing level of output, the monopolist produces ________ units of output than is socially optimal.

If the cross-price elasticity of demand for computers and software is negative, this means the two goods are

A) normal. B) inferior. C) substitutes. D) complements.

When large firms in oligopoly markets cut their prices

A) we don't know for sure how rival firms will respond. B) rival firms will also cut their prices to avoid losing sales. C) rival firms will not change their prices because most of their customers have signed contracts that commit them to doing business with the same firms for the life of their contracts. D) rival firms will not cut their prices because they fear that the federal government will accuse them of collusion.