Output produced and sold always generates profits for businesses
Indicate whether the statement is true or false
False
You might also like to view...
To maintain their economic profits, firms in monopolistic competition must continually engage in
A) product innovation and development. B) lowering their product's price. C) raising their product's price. D) realizing short-run losses. E) making the demand for their product more elastic.
What is a factor market?
A) It is a market where financial instruments are traded. B) It is a market where resources used to produce final goods are traded. C) It is a market where stocks and bonds are traded. D) It is a market where producers buy consumption and capital goods.
In the simple Keynesian aggregate expenditure model, the equilibrium level of disposable income is achieved when:
a. the employment rate is equal to the labor force participation rate. b. saving equals investment c. aggregate expenditures exceed output. d. aggregate expenditures are equal to real disposable income.
The problem of moral hazard is a problem of hidden action
a. True b. False Indicate whether the statement is true or false