Antitrust problems rarely appear in competitive markets
Indicate whether the statement is true or false
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In the above figure, the economy would most likely move from AD1 to AD2 because of
A) an aggregate supply shock. B) an aggregate demand shock. C) a recession. D) a depression.
Experimental data are often
A) observational data. B) binary data, in that the subject either does or does not respond to the treatment. C) panel data. D) time series data.
Suppose that, in the short run, a perfectly competitive firm earns a normal profit. Which of the following is incorrect?
a. MR = price b. MR = ATC c. AR ? Q = TR d. TR = TC e. P = AVC
The discovery of new natural resources will cause
A. the economy to move closer to the production possibilities curve. B. an upward movement along the curve. C. the production possibilities curve to shift up and to the right. D. the curve to shift back and to the left.