When a nation imports a good, its ________ surplus increases and ...

[yoooooman]

When a nation imports a good, its ________ surplus increases and its ________ surplus increases.
 
  A) consumer; producer
  B) consumer; consumer
  C) producer; producer
  D) producer; total
  E) total; consumer

Question 2

A monopoly definitely incurs an economic loss if
 
  A) it produces where its marginal revenue equals its marginal cost.
  B) its average total cost is greater than price.
  C) it cannot perfectly price discriminate.
  D) it price discriminates.
  E) The statement errs because a monopoly cannot incur an economic loss.

[aruss1303]

Answer to Question 1

E

Answer to Question 2

B

[yoooooman]

Thank you

[aruss1303]

Happy to help you