A regulated monopoly facing average cost pricing rule will make the same profit as a firm in ________ market does in the long run
A) an unregulated monopoly
B) an oligopoly
C) a perfectly competitive
D) All of the above answers are correct.
C
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In the simple deposit expansion model, if the Fed purchases $100 worth of bonds from a bank that previously had no excess reserves, deposits in the banking system can potentially increase by
A) $10. B) $100. C) $100 times the reciprocal of the required reserve ratio. D) $100 times the required reserve ratio.
The Aldrich-Vreeland Act of 1908 provided for temporary emergency currency for national banks
Indicate whether the statement is true or false
The interest rate that banks charge when they lend each other their excess reserves is called the _____ rate.
Fill in the blank(s) with the appropriate word(s).
Expansionary fiscal policy can cause a rise in real GDP in combination with
A. an increase in the price level. B. a decrease in the price level. C. no change in the price level. D. a decrease in the price level if the aggregate supply curve is upward sloping.