Which of the following represents an accurate situation for a perfectly competitive firm?
A. P = $5 and MR = $7
B. P = $9 and MR = $9
C. P = $16 and MR = $0
D. P = $12 and MR = $8
Answer: B
Economics
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A) inflation must be negative in the economy. B) inflation must be zero in the economy. C) inflation must be positive in the economy. D) the nominal interest rate must be zero.
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Summarize the effects of a subsidy on the market price and the quantity produced
What will be an ideal response?
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