If ATC > P, then a profit-maximizing, monopolistically competitive firms earns ________ economic profits.

A. negative
B. zero
C. positive
D. either positive or negative


Answer: A

Economics

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The balance of payments includes which three accounts?

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Is there a difference between the "true burden" of a tax and who is legally required to pay a tax? Briefly explain

What will be an ideal response?

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If U.S. real GDP grew from $12 trillion one year to $12.7 trillion the next, the annual growth rate would be:

A. 94.4 % B. 5.5 % C. 105.8 % D. 5.8 %

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If a union is able to restrict the supply of a non-union-made substitute product,

a. wages will increase but employment will decrease b. wages will increase and employment will increase c. wages will decrease but employment will increase d. wages will decrease and employment will decrease e. the demand for non-union labor will increase

Economics