Ration coupons are typically associated with price floors
Indicate whether the statement is true or false
F
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Why can a monopoly make an economic profit in the long run?
A) because there are close substitutes for the firm's product B) because the firm is protected by barriers to entry C) because the firm produces where MR=MC D) because P > MR E) ALL of the above are reasons why a monopoly can make an economic profit in the long run.
Credit cards perform the same functions as money as long as the card holder's bank account has sufficient funds to allow the transactions
a. True b. False Indicate whether the statement is true or false
The City Council of Happy Village is thinking about imposing rent controls. If they put rent controls in place, which constituency are they trying to please?
A. existing tenants B. landlords C. all taxpayers D. all voters
The best example of a craft union would be the:
A. United Auto Workers B. United Steelworkers C. Teamsters D. International Brotherhood of Electrical Workers