Considering perfect competition, monopolistic competition, and monopoly, which of the market structures can have positive profits in the short run?
perfect competition
monopolistic competition
monopoly
Economics
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A credit union is
A) a combination of credit card corporations. B) a depository institution owned by a social or economic group. C) a thrift institution that issues credit cards. D) a commercial bank owned by its depositors.
Economics
The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What would be the total increase in loans at this bank if all excess reserves were loaned out?
A) $528 million B) $352 million C) $232 million D) $0
Economics
The nominal GDP of Year 1 is
A) $800. B) $1050. C) $1900. D) $2400.
Economics
All four market forms discussed in the text maximize profit where
a. P = MC. b. AR = AC. c. MR = MC. d. MC = AR.
Economics