Author Question: The maximum amount a rent seeker would pay for a monopoly is the ________. A) market price B) ... (Read 85 times)

NguyenJ · **on:** Jun 29, 2018

The maximum amount a rent seeker would pay for a monopoly is the ________.

A) market price
B) deadweight loss
C) monopoly's economic profit
D) monopoly's normal profit

Question 2

The entry of China and other developing countries into the global economy ________ the wages of low-skilled workers and ________ the wages of high-skilled workers in the United States.

A) lowers; lowers
B) raises; raises
C) raises; lowers
D) lowers; raises