1. the deadweight loss due to monopoly: a. exists because the monopoly restricts output. b. would still exist in a competitive market. c. is equal to monopoly profit. d. represents a benefit to society. 2. which of the following is not a true statement? a. in a competitive market, p = mc at the efficient output. b. in a monopoly market, p = mr at the monopoly output. c. in a monopoly market, p > mc at the monopoly output. d. if p = mc, there is no deadweight loss.

Refers to the way we conduct ourselves

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability