In the long run, a monopolistically competitive firm will set price:
A. at the intersection of the marginal cost and demand curves.
B. at the intersection of the average total cost and demand curves.
C. higher than the competitive level, but lower than the monopoly price.
D. higher than the marginal cost, but lower than average total cost.
Answer: C
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If we think of good governance as a public good created by well-informed voters, we can predict that it will be:
A. in market equilibrium, if left unchecked. B. oversupplied. C. undersupplied. D. in market equilibrium, despite market interference.
What distinguishes nudge policies from push policies?
A. Nudges affect incentives, whereas pushes do not. B. Nudges are libertarian, whereas pushes are not. C. Nudges are implemented by the government; pushes are implemented by firms. D. Nudges affect choices, whereas pushes do not
The goal of the plaintiff is to ________ their ________.
A) maximize; loss B) minimize; loss C) minimize; gain D) maximize; gain
Individual Retirement Accounts and 401(k) plans make the current U.S. tax system
a. more like a consumption tax and so more like the tax system of many European countries. b. more like a consumption tax and so less like the tax system of many European countries. c. less like a consumption tax and so more like the tax system of many European countries. d. less like a consumption tax and so less like the tax system of many European countries.