Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. The profit-maximizing price for a haircut is
A. $10.
B. $12.
C. $14.
D. $16.
Answer: D
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Which statement CORRRECTLY describes "structural unemployment"?
A) Structural unemployment occurs mainly during recessions. B) Structural unemployment is also called "frictional unemployment." C) Structural unemployment occurs even when the economy is at the natural unemployment rate. D) The amount of structural unemployment depends on normal labor turnover.
Commercial banks
A) buy private placements for their own portfolio of assets. B) help firms sell private placements. C) sell their own private placements. D) have nothing to do with private placements.
_________ policy focused on educational spending and building the skills of the workforce generally contributes to a higher rate of economic growth.
a. Fiscal b. Monetary c. Investment d. Taxation
In some countries it is time consuming and costly to establish ownership of property. Reforms to reduce these costs would likely
a. have no affect on either real GDP nor productivity b. raise real GDP and productivity. c. raise real GDP but not productivity. d. raise productivity but not real GDP.