An oligopolist cannot use the MR = MC rule to find its equilibrium output level because
a. oligopolists do not face stable demand curves for their output
b. oligopolists do not try to maximize profits in the long run
c. it is too difficult to estimate marginal cost
d. the rule applies only in perfect competition
e. the minimum efficient scale exceeds total quantity demanded
A
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Which of the following would be considered a marginally attached worker?
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Pietro is a manager at a carwash. He has hired 10 workers to wash and detail cars for him and is considering what type of payment scheme he should set up for his workers
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e. rational expectations result in involuntary unemployment and prolonged periods of macroeconomic disequilibrium.
Dead Cap
What will be an ideal response?