Although technically owning a share means the shareholder holds a share of everything that the firm owns, but in actuality he is only entitled to a share of the company's earnings
a. True
b. False
Indicate whether the statement is true or false
True
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Points along a budget line represent the maximum combinations of two commodities that a consumer can afford.
Answer the following statement true (T) or false (F)
The country of Epsilon has continuous strong economic growth and a steady price level. This situation is most likely the result of aggregate demand growing ________ aggregate supply
A) at the same pace as long-run B) slower than long-run C) slower than short-run D) faster than long-run
The Sherman Act prohibited
A) collusive price agreements among rival sellers. B) setting price above marginal cost. C) marginal cost pricing. D) selling below average total cost.
Under monopolistic competition, profits cannot persist because new firms will be attracted to the market
a. True b. False Indicate whether the statement is true or false