In the presence of a negative externality in production, a monopoly will produce
A) more than the social optimum.
B) less than the social optimum.
C) the social optimum.
D) All of the above are possible.
D
Economics
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If inflationary expectations are based on all available information, they are referred to as
A) optimal. B) rational. C) adaptive. D) informed.
Economics
Which of the following financial institutions was acquired by Bank of America as a result of the financial crisis of 2007 and 2008?
A. Merrill Lynch B. Lehman Brothers C. Goldman Sachs D. AIG
Economics