Other things the same, in which case is the quantity produced the highest?
a. There is one firm.
b. There are two firms that successfully collude.
c. There are two firms in Nash equilibrium.
d. There are a very large number of firms.
d
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Money supply M1 does not include the currency held by
A. households in their wallets or purses. B. business firms. C. state and local governments. D. commercial banks.
Which of the following groups benefits from regulation, according to the special interest theory of regulation?
a. all consumers b. all producers c. only certain consumers d. only certain producers e. society as a whole
The underlying reason why trade benefits both sides of a trading arrangement is rooted in the concept of _____
a. opportunity cost b. sunk cost c. diseconomies of scale d. constant returns to scale
Which of the following factors would increase aggregate demand in the goods and services market?
a. an decrease in stock prices b. an increase in the real interest rate c. a decrease in real incomes abroad d. increased optimism on the part of consumers and businesses