A profit-maximizing firm in a ________ market structure behaves much like a monopolistic firm in the short run.
A. Cournot duopoly
B. perfectly competitive
C. monopolistically competitive
D. All of the above are correct.
Answer: C
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A change in ________ creates a movement along the aggregate demand curve but does not shift the aggregate demand curve
A) tax rates B) the price level C) fiscal policy D) None of the above because they all shift the aggregate demand curve.
The Bretton Woods conference in 1944 established the gold standard, which was abandoned in 1971
Indicate whether the statement is true or false
"Information Problematic" borrowers are generally
A) municipal governments. B) small businesses and individuals. C) large businesses. D) federal government.
Yoyo's Frozen Yogurt, Inc is thinking of building a new warehouse. They believe that this will give them $50,000 of additional revenue at the end of one year, $60,000 additional revenue at the end of two years, and $70,000 in additional revenue at the end of three years. If the interest rate is 5 percent, Yoyo would be willing to pay
a. $140,000, but not $150,000. b. $150,000, but not $160,000. c. $160,000, but not $170,000. d. $170,000, but not $180,000.