A clear property right to ownership of air would reduce the problem of air pollution
Indicate whether the statement is true or false
T
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All large firms have monopoly power
a. True b. False Indicate whether the statement is true or false
Which of the following is true for a monopolistically competitive firm in long-run equilibrium?
A) P > MR and MC = ATC. B) P = ATC and MR = MC. C) P = ATC and P = MC. D) P > ATC and P > MR.
The difference between a Treasury bill and a Treasury bond is that the bill
A) can be purchased by anyone, and the bond can be purchased by U.S. citizens only. B) is insured, and the bond is not. C) pays more than the bond. D) pays no interest. E) is short-term, and the bond is long-term.
The Safety Fund System
a. operated similarly to the modern Federal Deposit Insurance Corporation. b. was a clearinghouse for banks. c. was established by Nicholas Biddle. d. was used primarily prior to 1863 in Louisiana. e. All of the above.