A monopoly firm will maximize profits by producing where A) ...

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A monopoly firm will maximize profits by producing where
 
  A) marginal revenue is the same in domestic and foreign markets.
  B) prices are the same in domestic and foreign markets.
  C) marginal revenue is higher in foreign markets.
  D) marginal revenue is higher in the domestic market.
  E) total revenue from domestic and foreign sales is maximized.

Question 2

For countries such as the United States and the United Kingdom, it is important to have trade surpluses in order to service their external debts.
 
  Indicate whether the statement is true or false

[iceage]

Answer to Question 1

A

Answer to Question 2

FALSE

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Excellent

Thanks for the timely response, appreciate it