Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. If the Hand Made Shirt Shop is monopolistically competitive, what is the minimum level of fixed cost that would lead to the firm continuing to operate in the short run?
A. $100
B. $1,150
C. $1,250
D. The firm would continue to operate regardless of the level of fixed costs.
Answer: A
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A) loans the money needed to buy the securities to the bank. B) increases the bank's reserves at the Fed. C) obtains the money for the purchase from the U.S. Treasury. D) decreases the monetary base and raises the federal funds rate.
Which of the following would not be included in the consumption component of GDP?
a. Movie ticket sales b. Purchase of a new home c. Medical bills d. Clothing purchases e. Home electricity bills
When competing firms have a commitment strategy, it is called:
A. collusion. B. predatory pricing. C. competition. D. competitive cooperation.
If economists wanted to measure the net gain in economic well-being to producers, they would refer to ______.
a. producer surplus b. consumer surplus c. market price d. deadweight loss