Many studies of wage discrimination have been conducted on professional sports teams. This industry is easier to study than others because the professional teams have many objective measures of

Which of the following statements is true?

A) Under monopoly, the seller sets the price of its good below marginal costs. B) Under perfect competition, sellers set the price of their goods below marginal costs. C) Under monopoly, prospective buyers may not be able to buy a good even if they have a willingness to pay above marginal costs. D) Under perfect competition, prospective buyers may not be able to buy a good even if they have a willingness to pay above marginal costs.

If you pay $4,888 for a $5,000 face value one-year Treasury bill, what is the rate of interest you will receive?

A) 1.02% B) 2.29% C) 4.46% D) 9.78%