Which of the following is not generally true about a profit-maximizing monopolist? a. the monopolist faces a perfectly elastic demand curve. b. the monopolist can potentially continue to earn economic profits in the long run. c. the monopolist charges a price that exceeds marginal cost. d. the monopolist chooses output where marginal revenue equals marginal cost. e. all of the above are true.

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.