In the very short run:
a. new firms may enter an industry.
b. existing firms may change the quantity they are supplying.
c. price and quantity supplied are absolutely fixed.
d. quantity supplied is absolutely fixed.
d
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Production by Honda, a Japanese firm, in the United States is included in ________ GDP and production by Nike Corporation, a U.S. firm, in Vietnam is included in ________ GDP
A) U.S.; U.S. B) Japanese; Vietnamese C) U.S. and Japanese; U.S. and Vietnamese D) Japanese; U.S. E) U.S.; Vietnamese
What is the Stolper-Samuelson theorem? What are the underlying conditions and assumptions for the theorem
What will be an ideal response?
The Board of Governors of the Federal Reserve System is
A. appointed by the Congress. B. appointed by the President with approval of the U.S. Senate. C. elected by members of the American Banking Association. D. elected by the public.
State three major potential advantages of foreign direct investment for a developing country. State three major potential disadvantages
What will be an ideal response?