The U.S. tax-transfer system (as distinct from the tax system alone) is:

Governments can eliminate market failure due to an imperfectly competitive market by

A) changing the market structure, for example by eliminating monopoly protection. B) having the government own the monopoly. C) imposing regulations that reduce prices. D) All of the above.

The optimal hiring rule is to employ labor up to the point where:

a. wage = MFC. b. wage = MP. c. wage = MR d. wage = MRP e. wage = TWC.