Q. A monopoly's total revenue will always increase when it increases price of its product. A monopoly has ability to set price of its product at whatever level it desires. Which of following statements is (are) true of a monopoly?
Q. Free trade is a sacred cow of economists, who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine?