If a perfectly competitive market becomes a monopoly and the costs do not change, which of the following allocations of costs and benefits applies?
A) The producer benefits, but consumers and society are harmed.
B) The producer and society are harmed, but consumers benefit.
C) The producer and society benefit, but consumers are harmed.
D) The producer is harmed, but consumers and society benefit.
A
Economics
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Bertha considers borrowing funds to invest in expanding her dress shop. She is less likely to do that if interest rates increase.
a. true b. false
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Refer to Figure 13-1. Ceteris paribus, an increase in the value of the domestic currency relative to foreign currencies would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
Economics