The interest rate that banks use as a benchmark rate for interest rates on a wide range of loans to businesses and individuals is the:
a. Federal funds rate
b. Real interest rate
c. Discount rate
d. Prime interest rate
d. Prime interest rate
Economics
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The purpose of antitrust legislation is
A) to reduce unemployment. B) to reduce the power of monopoly. C) to increase the power of monopoly. D) to maximize employment for a given price level.
Economics
Which of the following is TRUE of a perfectly competitive firm and a monopoly in the long run?
A) P = MC B) P = ATC C) MR = MC D) P = MR
Economics
A cooperative, or "co-op" for short, is a single-owner firm
a. True b. False
Economics
When a firm operates with excess capacity, it must be in a monopolistically competitive market
a. True b. False Indicate whether the statement is true or false
Economics