Financial intermediaries are institutions that
A) produce money for the federal government.
B) regulate the activities of stock and bond markets.
C) act as middlemen in the process of directing funds from savers to investors.
D) oversee the activities of government institutions such as the Federal Reserve.
Answer: C) act as middlemen in the process of directing funds from savers to investors.
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When a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the income effect and a gain in revenue due to the substitution effect
Indicate whether the statement is true or false
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. From society's point of view, the efficient level of electricity production is ________ megawatts.
A. 500 B. 600 C. 800 D. 1200