Refer to Figure 15-9. What is the difference between the monopoly output and the perfectly competitive output?

According to your textbook, markets tend to "clear" due to

A) the use of threat and coercion. B) the competitive bidding process. C) the intervention of expert economists. D) a well-managed national economic plan.

"Ceteris paribus" means

A. "making all the necessary changes." B. "other things equal." C. "at the aggregate level." D. "invisible hand."