Which is an ironic solution to the government protected monopoly?
A) The government might try to force less competition in the market.
B) The government might do more by doing less, i.e., by removing the monopoly's protection.
C) The dead weight loss goes to the government.
D) The inherent unfairness of monopoly can only be solved by dictatorship.
Question 2
Firms in long-run perfect competition produce at
A) increasing returns to scale.
B) decreasing returns to scale.
C) constant returns to scale.
D) no returns to scale.
