If marginal cost of an additional unit of output is greater than average cost, then average cost will rise.
Answer the following statement true (T) or false (F)
True
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The nominal interest rate minus the real interest rate approximately equals the
A) rate of increase in the amount of investment. B) inflation rate. C) rate of increase in the income. D) rate the bank receives to cover lending costs.
The demand curve for a monopolistic competitor is based on the extent of its product differentiation and how many competitors it faces
a. True b. False Indicate whether the statement is true or false
The law of supply states that other things remaining the same, the ________ the price of a good, the __________.
Fill in the blank(s) with the appropriate word(s).
In Figure 26.1, the deadweight loss that occurs with this monopoly is 
A. P2AC. B. FAC. C. FABE. D. EBC.