A monopolist will stop production when MR equals MC

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Once a bargain has been reached and involved parties have agreed to an arrangement, there is no need for either party to monitor and enforce the agreement

Indicate whether the statement is true or false

Economics

Suppose Chevrolet produced 90,000 Camaros in the United States in 2012 and during 2012 sold 69,000 to U.S. customers and exported 14,000 to foreign buyers. How many Camaros would the BEA count as investment spending by Chevrolet in 2012?

A) 7,000 B) 21,000 C) 76,000 D) 90,000

Economics