Profit is
A. TR -TFC.
B. TR -TC.
C. TR -TVC.
D. TVC -TFC.
Answer: B
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The narrow definition of money (MI) in the Irish economy is:
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Gross domestic product is
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Why do increasing returns to scale in an industry make it more likely that the industry will be oligopolistic rather than perfectly competitive?
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If the supply of a good decreases and demand remains constant equilibrium price:
a. Will decrease, and equilibrium quantity will increase b. Will increase, and equilibrium quantity will decrease c. And quantity will decrease d. And quantity will increase