For a monopolistic competitive firm, which of the following is TRUE in the long run?
A. P = ATC.
B. P = MC.
C. ATC is minimized.
D. all of these
Answer: A
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For diversification to be a successful management strategy, it must
A) generate accounting profits. B) earn normal profits. C) protect market share. D) add value.
An externality is
a. always a benefit to the recipient b. always a detriment to the recipient c. an activity that occurs in a business that is unknown to management d. an unintended benefit or cost imposed on third parties resulting from market activity e. an act, caused by a firm located in this country, that has an effect on a person in a foreign country
Of all the categories of unemployment, most unemployed persons fall into the category of
A) reentrant. B) new entrant. C) job leaver. D) job loser. E) none of the above
Which of the following would be most likely to enhance the growth rate of an economy
What will be an ideal response?