Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. If We Do Hair maximizes profits as a monopolistically competitive firm, its ________ equals $1,280.
A. profit
B. loss
C. total revenue
D. total cost
Answer: C
Economics
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An example of a tax-preferred savings account would be
A. an IRA. B. an interest bearing savings account. C. a noninterest bearing checking account. D. cash.
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Nominal GDP increases when either or both prices and output increase
Indicate whether the statement is true or false
Economics
Flow?
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Suppose an industry consists of 20 firms. Each firm's share of total sales in the industry is 5 percent. If two of the firms merge, then the four-firm concentration ratio in the industry will
A. increase. B. remain unchanged. C. depend on the market condition faced by the industry. D. decrease as there are fewer firms in the industry.
Economics