Scarcity exists for those with
a. lower incomes

What is one problem with trying to regulate a monopoly's price?

A) The government needs information on the monopoly's marginal cost. B) The government needs information on the price people are willing to pay. C) The government needs to identify which firm is a monopolist. D) Anything that the government does is problematic.

If the rate of economic growth is positive, then everyone becomes better off

a. True b. False