Which of the following statements is correct? a. antitrust laws are always the best way to limit monopoly power. b. marginal-cost pricing requires a natural monopoly to earn zero economic profits. c. it is possible that the best approach to monopolies is for the government to do nothing. d. public ownership is preferred to regulation in order to minimize the deadweight losses associated with natural monopolies.

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Which of the following statements is true about an atm card?