The principal buyers in financial markets are ________
A) financial intermediaries
B) nonfinancial businesses
C) commercial banks
D) individual savers
A
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Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has marginal cost of $10, average total cost of $12, and it is producing 100 units. The firm is
A) earning $1,000 in total economic profits and is maximizing economic profits. B) earning $200 in total economic profits and is maximizing economic profits. C) earning zero total economic profits and is not maximizing economic profits. D) incurring $200 in total economic losses and is minimizing economic losses.
Managed floats are equivalent to fixed exchange rates
a. True b. False
Which of the following is a determinant of supply?
A. Number of buyers. B. The prices of the factors of production. C. Consumers' income. D. Consumer tastes or preferences.
A cartel most likely forms in
A. an oligopolistic market. B. a heavily regulated industry. C. a perfectly competitive market. D. a monopolistically competitive market.