Which of the following is the long-run outcome for monopolistic competition?
A) MR > MC.
B) P > ATC > MC.
C) P = ATC.
D) P > ATC.
C
Economics
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How does the prisoners' dilemma game apply to real-life situations?
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Financial assets that represent the partial ownership of a firm and ability to share in its profits are called:
A. debt certificates. B. equities. C. intermediaries. D. credit risks.
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Figure 3.4 illustrates the demand for tacos. If people expect the price of tacos to decrease in the near future, this would most likely bring about a movement from:
A. point a to point b. B. point c to point a. C. D2 to D0. D. D0 to D1.
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The current account is equal to
A) S - I. B) C + I + G + X. C) I + X. D) T - G.
Economics