Refer to the figure above. If the monopolist is regulated to charge the fair-returns price for the profit-maximizing output it produces, ________
A) it makes a profit of $100
B) it makes a profit of $200
C) it makes a loss of $100
D) it makes zero profit
D
Economics
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Points on a production possibilities curve are ________ and ________
A) inefficient; attainable B) inefficient; unattainable C) efficient; attainable D) efficient; unattainable
Economics
If the CEO of a large corporation uses the corporate jet to fly friends to the Super Bowl at company expense, this is most clearly an example of
a. the duality problem. b. the violation of ceteris paribus conditions. c. a negative externality. d. the principal-agent problem.
Economics