Which of the following statements is TRUE?
A) A perfectly competitive market produces more output and charges a lower price than a single-price monopoly.
B) A perfectly competitive market produces more output and charges the same price as a single-price monopoly.
C) A perfectly competitive market produces less output and charges a lower price than a single-price monopoly.
D) A perfectly competitive market produces less output and charges the same price as a single-price monopoly.
A
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In the case where the spot and forward rates are equal, the currency is said to be selling
A) profitably. B) flat. C) normal. D) risky.
In order to analyze costs and benefits that are paid and received at different times, they must be valued at ________ in time as funds received or paid in the future are worth ________ than the same amount received or paid today.
A) a single point; more B) different points; less C) a single point; less D) different points; more
The implicit cost of ownership:
A. is a cognitive bias. B. is an unproven concept. C. is the monetary opportunity cost that is often overlooked. D. All of these are true.
A cost of living adjustment (COLA)
a. changes wages by the same percentage every year. b. decreases wages by the inflation rate. c. increases wages by the inflation rate. d. changes prices of consumer goods by the inflation rate.