If the firm were a perfect competitor in the long run, what price would it charge?
$85
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Blanket standards on imports usually address issues affecting:
A. domestic consumers. B. domestic producers. C. foreign production practices. D. They can be used to address any of these.
A consequence of an inflationary gap is ____ as output begins to decrease and prices continue to increase
a. stagflation b. reflation c. disinflation d. perflation
The general approaches to global poverty reduction include all of the following except
A. Redistribution of incomes within countries. B. Redistribution of incomes across nations. C. An increase in government control of resources. D. Economic growth that raises average incomes.
Suppose firms in a collusive oligopoly decide to establish their prices at a level that discourages new rivals from entering the industry. This is called:
A. mutual interdependence. B. pricing the demand curve. C. limit pricing. D. price leadership.