In the long run, the output of a monopolistically competitive firm
a. exceeds that of an otherwise similar perfectly competitive firm
b. is less than that of an otherwise similar perfectly competitive firm
c. is at the point at which LRAC is minimized
d. equals that of an otherwise similar perfectly competitive firm
e. is less than that of an otherwise similar monopolist
B
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Dividend refers to
A. a corporation’s regular payments to lenders. B. a payment of part of the corporation’s profits that are distributed to stockholders. C. a lender’s legal claim on the assets of a bankrupt corporation. D. a prepayment of a corporation’s legal obligation.
Since World War II, there has been a worldwide movement away from free trade policies
a. True b. False
An individual bank can create deposits to the extent of its __________.
Fill in the blank(s) with the appropriate word(s).
Indifference curves further from the origin imply:
A. a lower level of satisfaction. B. the same level of satisfaction as any other curve. C. a higher level of satisfaction. D. None of the statements is correct.