Based on the information in the table above, which product(s) is/ are inferior?
What will be an ideal response?
Product B and D only
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Economists are critical of monopoly because
A) monopolists can earn long-run economic profit. B) monopolists can create a deadweight loss. C) the demand for the monopolist's product is the market demand curve. D) economies of scope result in lower average costs.
Margin requirements on stocks are set by
A) the New York Stock Exchange. B) the National Association of Securities Dealers. C) the Federal Reserve System. D) the Securities Exchange Commission.
A person or a country can have comparative advantage in all activities.
Answer the following statement true (T) or false (F)
The difference between a bank's reserves and its required reserves is:
A. profits. B. excess reserves. C. vault cash. D. net interest income.