A profit-maximizing firm in a monopolistically competitive market charges a price equal to marginal cost
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements about the nominal and the real wage rates is correct?
A) The nominal wage rate equals the real wage rate divided by the CPI and then multiplied by 100. B) The nominal wage rate is measured in the dollars of a base year. C) The real wage rate is measured in current year dollars. D) The real wage rate indicates how many goods and services can be purchased with an hour's labor. E) The real wage rate equals the nominal wage rate multiplied by the CPI then divided by 100.
Supply describes how much of something producers:
A. are willing and able to buy under certain circumstances. B. want to sell under certain circumstances, although they may not be able to. C. are willing and able to offer for sale at varies prices under given circumstances. D. want to offer for sale under certain circumstances, although they may not be willing to.
Normal profit and the cost of capital are the same concept
Indicate whether the statement is true or false
Why is the financial industry inherently more unstable than most other industries?
What will be an ideal response?