In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is
A) $3,000.
B) $15,000.
C) $22,500.
D) $45,000.
C
Economics
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Other things equal, the prospect of imitation by others:
A. decreases the expected rate of return on R&D expenditures. B. increases the expected rate of return on R&D expenditures. C. increases the interest-rate cost of funds used to finance R&D expenditures. D. decreases the interest-rate cost of funds used to finance R&D expenditures.
Economics
This monopolist
A. is in the short run.
B. is in the long run.
C. may be in the short run or the long run.
Economics