Author Question: Total surplus is maximized in a(n) ________. A) monopolistically competitive market B) perfectly ... (Read 51 times)

jwb375 · **on:** Jun 29, 2018

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.