Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit
Indicate whether the statement is true or false
TRUE
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Which condition is the Nash equilibrium for this scenario?
a. Each firm charges $9.
b. Each firm charges $10.
c. Firm A charges $10 while Firm B charges $9.
d. Firm B charges $10 while Firm A charges $9.
Voting rights in a corporation are held by the:
A. common stockholders. B. board of directors. C. preferred stockholders. D. corporate bondholders.
Refer to the graph below. If more people in Europe decide to purchase U.S. cars, what effect will this have on the market for euros?
Assume that U.S. and European governments adopt a system of flexible exchange rates, and the figure below shows the market for euros.
A. Demand will decrease
B. Demand will increase
C. Supply will increase
D. Supply will decrease
During the period that many call the Great Recession:
A. GDP fell. B. unemployment rose. C. there was a sharp decrease in consumer spending. D. All of these are true.