In the above table, which tax plan is progressive?

A) only plan A
B) only plan B
C) only plan C
D) both plan B and plan C

B

Economics

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The above figure shows the demand and marginal cost curves for a monopoly. The deadweight loss of this monopoly equals

A) h. B) c. C) c + f. D) c + d + e + f.

Economics

Which of the following is true of a monopoly? a. Consumers fare better under a monopoly than under perfect competition. b. The output produced by a monopoly is allocatively efficient

c. Producer surplus is higher under monopoly than under perfect competition. d. The deadweight loss caused by a monopoly market structure is zero.

Economics