If a nondiscriminating imperfectly competitive firm is selling its 100 th unit of output for $35, its marginal revenue:
A. may be either greater or less than $35.
B. will also be $35.
C. will be less than $35.
D. will be greater than $35.
C. will be less than $35.
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In a market-oriented economy, _____
a. buyers and sellers get together to make economic decisions about the four fundamental economic questions b. an exchange is made without any agreement on immediate or future rewards c. the government makes economic decisions about the four fundamental economic questions d. goods and services are directly exchanged for other goods or services
A firm in a competitive price-searcher market can raise its price without losing all of its customers. This is a result of
a. low entry barriers. b. a perfectly elastic market demand. c. the small number of firms in the market. d. product differentiation.
When real GDP increases, this implies that the production of goods and services has risen
a. True b. False Indicate whether the statement is true or false
A legal claim to a part of a corporation's future profits is called
A) a bond. B) a share of stock. C) a dividend. D) a financial debt.