Total surplus is maximized in a(n) ________. A) ...

[jwb375]

Total surplus is maximized in a(n) ________.
 
  A) monopolistically competitive market
  B) perfectly competitive market
  C) oligopoly
  D) monopoly

Question 2

Suppose the United States discovers a way to produce clean nuclear fuel. The effect of this discovery would be to
 
  A) lead the United States to produce less nuclear fuel.
  B) force the United States to produce at a point inside its PPF.
  C) shift the U.S. PPF outward.
  D) shift the U.S. PPF inward.

[scikid]

Answer to Question 1

B

Answer to Question 2

C

[jwb375]

Thanks for the timely response, appreciate it

[ryhom]

TYSM