A nondiscriminating monopolist earning positive short-run economic profit determines that its current marginal cost is 15 and its current marginal revenue is 20 . To maximize profit, a firm should
a. raise price and increase output
b. raise price and decrease output
c. maintain a constant price and increase output
d. reduce price and increase output
e. shut down
Question 2
A physicians' professional association supports legislation seeking higher quality medical care. According to the special interest theory of regulation, who likely will benefit most from this legislation?
a. Government, through decreased regulation of physician quality.
b. Patients, through reduced prices for medical care.
c. Physicians, through increased prices for medical care.
d. Hospitals, through decreased for physicians' services.
e. Government, since higher quality health care is clearly in the public interest.
Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation.
Positive and Negative Stereotypes
When the exhaust is lean, the PCM applies a positive current into the pump cell.
economic question
economic question
economic question