If a firm's demand curve in a monopolistically competitive market is shifting left:
A. competition is likely entering with similar products.
B. firms must be exiting the industry.
C. economic profits must be increasing.
D. None of these statements is true.
A. competition is likely entering with similar products.
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Financial markets are regulated by
A) the Securities and Exchange Commission. B) the Stock and Bond Exchange Commission. C) the Security and Protection Commission. D) the Stock and Exchange Commission.
The group that benefited most from the bailout of General Motors and Chrysler was nonunion workers
Indicate whether the statement is true or false
The slope of the aggregate demand curve illustrates that as the price level rises,
A. real GDP demanded decreases. B. real GDP demanded increases. C. the aggregate demand curve shifts rightward. D. the aggregate demand curve shifts leftward.
The fixed-cost fallacy occurs when
a. A firm considers irrelevant costs b. A firm ignores relevant costs c. A firm considers overhead or depreciation costs to make short-run decisions d. Both a and c