Refer to the diagram for a nondiscriminating monopolist. The profit-seeking monopolist will:
A. always produce at output q 2 .
B. always produce more than q 2 .
C. never produce an output larger than q 2 .
D. never produce an output larger than q 1 .
C. never produce an output larger than q 2 .
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Which of the following increases the demand for U.S. union labor?
A) an increase in the minimum wage B) an increase in the demand for imported goods C) new laws that ease immigration restrictions D) All of the above cause an increase in the demand for union labor.
Dumping is
a. the sale of a good by a foreign supplier in another country at a price below that charged by the supplier in its home market. b. an inappropriate method for getting rid of byproducts from a production process. c. a method to increase competitiveness in a market. d. all of the above. e. both a and c above.