Exit from a competitive industry will occur until economic
A. losses are driven to zero.
B. profits just offset all accounting losses.
C. costs are sufficiently below accounting losses so that profits are realized.
D. profits are driven to zero.
A. losses are driven to zero.
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Surplus value that is lost because something is keeping the market from functioning as well as it can is known as ________
Fill in the blank(s) with correct word
Bank consolidation will likely result in
A) less competition. B) the elimination of community banks. C) increased competition. D) a shift in assets from larger banks to smaller banks.
If the marginal propensity to consume is 0.8, every $10 increase in disposable income increases
a) consumption expenditure by $0.80 b) consumption expenditure by $80 c) saving by $0.20 d) consumption expenditure by $8
Respond to the following question: “Producing capital goods or advanced technology takes time, so how can that be a more efficient form of production of consumer goods?”
Please provide the best answer for the statement.