Rent-seeking behavior, unlike profit-maximizing behavior in competitive markets, wastes society's scarce resources

Suppose that a price-discriminating monopolist divides its market into two segments. In each market segment, price is determined by finding the level of output where that market's

a. average revenue equals average total cost b. average revenue equals average variable cost c. marginal revenue equals average total cost d. marginal revenue equals marginal cost e. marginal cost equals average total cost

Which of the following is not an automatic stabilizer:

a. Personal income taxes. b. Business profits taxes. c. Welfare payments. d. Unemployment compensation. e. All of the above are examples of automatic stabilizers.