Perfectly competitive firms will produce as long as marginal revenue exceeds marginal cost.
Answer the following statement true (T) or false (F)
True
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If a firm operates in a imperfectly competitive market, it may be able to price its products in local currencies above world prices for their goods. This is called
A) pricing to market. B) trade war. C) trade stickiness. D) price gauging.
The centerpiece of classical economics is _____.
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If six microwave ovens are produced, Micro Oven's total fixed costs are
A. $50. B. $100. C. $300. D. indeterminate from this information.
The quantity theory of money is based on the formula that
A) V = P*Y*Ms. B) Y = P*V/Ms. C) Ms= P*V/Y. D) P = Ms*V/Y.