When firms exit a perfectly competitive industry, the market supply curve shifts to the left
Indicate whether the statement is true or false
TRUE
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A monopolist's supply curve cannot be derived directly from its marginal cost curve as in the case of a competitive firm
a. True b. False Indicate whether the statement is true or false
In which market should you begin your analysis if the domestic stock market is attracting more foreign investors? Which curve shifts initially?
a. Foreign exchange market, with a shift in the demand for domestic currency b. Real loanable funds market, with a shift in the demand for real loanable funds c. Foreign exchange market, with a shift in the supply of domestic currency d. Real goods market, with a shift in aggregate supply e. Real loanable funds market, with a shift in the supply of real loanable funds
Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1% Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2% What are the concentration ratios for each industry? Which is more competitive?
Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. If this firm produces the profit-maximizing quantity and sells it at the profit-maximizing price, the firm's ________ will be $88.
A. profit B. total revenue C. total cost D. loss