Firms entering a perfectly competitive industry will cause the price of the product to

A. fall.
B. rise.
C. remain constant.
D. become more responsive to consumer demand.


Answer: A

Economics

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Suppose the United States decides to impose a $1,000 tax on every Japanese minivan sold in the United States. This is an example of

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The equation of exchange is?

a. M x V = P x Y b. M x P = V x Y c. M x Y = V x P d. none of the above represent the equation of exchange

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Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: Based on the info above, the estimated value of a is

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Economics