A monopolist's profit per unit is shown by the difference between price and average cost per unit

Government transfer payments include which of the following?

A) grants to state and local governments B) interest on the national debt C) Social Security and Medicare programs D) national defense

A noisy monopoly

A) will be regulated by the Federal Trade Commission until it reduces its noise emissions. B) sells products under its own label for a low price, and sells the virtually identical product with the same quality under a private label for a higher price. C) sells products under its own label for a high price, and sells the virtually identical product with the same quality under a private label for a lower price. D) leverages the Lemon Law to sell both good and poor quality goods for the same price.