A typical firm in a perfectly competitive market made positive economic profits last period. This period,
A. market supply will increase.
B. the firm's profits will increase.
C. the firm will produce more.
D. market price will rise.
Answer: A
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In the above figure, a sales tax of $1 per unit imposed on sellers ________ the price buyers pay and ________ the price that suppliers keep for themselves
A) affects; does not affect B) does not affect; affects C) does not affect; does not affect D) affects; affects
Why do most collusive agreements have difficulty surviving?
What will be an ideal response?
The Dow Jones industrial average
a. buys and sells municipal bonds from bond rating agencies b. is a stock exchange that performs IPOs c. was founded on Wall Street in 1926 d. is a stock index consisting of the 30 largest company stocks
A velocity of 4 means money stays with each owner for an average of 4 years.
Answer the following statement true (T) or false (F)