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

[NguyenJ]

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

[otokexnaru]

Answer to Question 1

C

Answer to Question 2

D

[NguyenJ]

Thanks for the timely response, appreciate it

[parshano]

Excellent