In this graph, what is the total loss?
a. $75
b. $80
c. $85
d. $90
b. $80
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The market demand curve in a perfectly competitive market is downward sloping
Indicate whether the statement is true or false
An increase in the money supply will:
a. decrease both investment spending and aggregate demand. b. decrease investment spending and increase aggregate demand. c. decrease both consumption spending and aggregate demand. d. increase both investment spending and aggregate demand. e. increase investment spending and decrease aggregate demand
Which of the following is not a characteristic of a competitive market?
A. A large number of buyers and sellers. B. Firms can enter and exit the market freely. C. Firms sell differentiated products. D. All market participants have full information about cost and prices.
During the short run, a firm cannot
A. purchase more raw materials. B. change its plant size. C. increase its use of labor. D. change its variable costs.