There were a huge number of bank failures between
A. 1930 and 1933.
B. 1933 and 1936.
C. 1936 and 1939.
D. 1939 and 1942.
A. 1930 and 1933.
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An example of a barrier to entry is
A) superior technological knowledge. B) high profits. C) product differentiation. D) increasing marginal costs.
User charges are identical to market prices
a. True b. False
For a monopoly, marginal revenue for all units greater than 1:
A. is always less than the price. B. cannot be negative. C. is zero when total profits are maximized. D. is always greater than marginal cost.
Which of the following reflects the correct relationship between average total cost (ATC) and marginal cost (MC)?
a. When MC > ATC; ATC is falling. b. When ATC is minimum; ATC < MC. c. When MC < ATC; ATC is falling. d. When MC < ATC; ATC is constant. e. When ATC < MC; MC is falling.