A permanent decrease in demand definitely
A) shifts a firm's average total cost curve downward.
B) creates diseconomies for individual firms.
C) lowers the market price.
D) decreases the number of firms in the industry.
E) shifts a firm's average total cost curve upward.
D
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An increase in the demand for a good is represented by:
A) a leftward movement along the demand curve. B) a rightward movement along the demand curve. C) a left shift to a new demand curve. D) a right shift to a new demand curve.
Non-tariff barriers are tools that countries use to restrict trade such as regulatory or legal barriers or slow processing of goods at borders.
Answer the following statement true (T) or false (F)
Suppose that the country of Argentina has an 6% real interest rate and an expected inflation rate of 10%. Which of the following is the best estimate of the nominal interest rate in the country?
a. 16% b. 8% c. 4% d. 18% e. none of the above
According to game theory, a cartel of several firms is an example of a(n)
A) zero-sum game. B) positive-sum game. C) cooperative game. D) noncooperative game.