In the long run under perfect competition, all firms in the same market
a. earn the same money profit
b. have the same opportunity costs
c. earn the same economic profit
d. face the same explicit costs
e. earn the same money profit and the same economic profit
C
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Refer to Figure 2-2. If Vidalia chooses to produce 50 dozen roses, how many orchids can it produce to maximize production?
A) 20 dozen orchids B) 40 dozen orchids C) 60 dozen orchids D) 80 dozen orchids
All else equal, a forecast regression with a R2 of ________ is more valuable than a forecast regression with a R2 of ________.
A) 0.85; 0.95 B) 0.50; 0.80 C) 0.80; 0.50 D) 0.75; 0.90
Restricted Formulary Hospitals are big purchasers of pharmaceutical products and have to stock many different chemical entities. However, they increasingly do not stock all. Instead, they restrict their formularies to many of the treatments in a therapeutic class but consciously exclude a few. How does this help them negotiate?
A ________ is considered an asset of that bank.
A. bank liability B. bank deposit C. demand deposit D. bank loan