A new firm enters a market which is initially serviced by a Cournot duopoly charging a price of $20. What will the new market price be should the three firms coexist after the entry?
A. Above $20
B. $20
C. Below $20
D. None of the answers is correct.
Answer: C
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You believe that a corporation's dividends will grow 5% on average into the foreseeable future. If the company's last dividend payment was $5 what should be the current price of the stock assuming a 12% required return?
What will be an ideal response?
Savings and loan associations created which type of money?
a. demand deposit accounts b. money market mutual fund accounts c. NOW account deposits d. money market mutual deposit accounts e. share-draft accounts
TFC=Total Fixed CostQ=Quantity of OutputMC=Marginal CostP=Product PriceTVC=Total Variable Cost Refer to the above information. Average total cost is:
A. 
.
B. TVC - MC.
C. 
.
D. 
.
In the long run, the price of information products in monopolistically competitive markets will be equal to
A) zero. B) MC. C) AFC. D) ATC.