A key economic objection to unregulated, profit-maximizing monopoly is that in the short run monopolists: do not try to minimize the costs of the level of output they produce. produce a level of output at which marginal revenue is greater than marginal cost. produce too many products, which they sell at prices that are too high, earning economic profits. restrict output to levels at which their products are valued more than the marginal cost of producing them.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year