A monopolist maximizes profit by producing

Dr. Goldfinger decides to invest in companies which he believes can "improve the productivity and efficiency" of health care services. What would Dr. Goldfinger need to do to try to achieve allocative efficiency?

A) invest in companies that produce up to the point where the marginal cost of the last unit produced is zero B) invest in companies that produce goods and services based on consumer preferences C) invest in companies that produce goods and services at the lowest possible cost D) invest in companies that fairly distribute their products and services

Restrictions on the importation of tomatoes reduce the supply available to the U.S. domestic market. Studies indicate that the demand for tomatoes is elastic. Compared to a free-trade situation, the import restrictions cause

a. higher tomato prices and an increase in consumer expenditures on tomatoes in the United States. b. lower tomato prices and an increase in consumer expenditure on tomatoes in the United States. c. lower tomato prices and a reduction in consumer expenditure on tomatoes in the United States. d. higher tomato prices and a reduction in consumer expenditure on tomatoes in the United States.