If a monopolistically competitive firm's demand curve is shifting left, it will stop shifting only when:
A. firms stop leaving the industry.
B. firms stop entering the industry.
C. the firm raises its price.
D. the firm lowers its price.
B. firms stop entering the industry.
You might also like to view...
Joann has just lost her job because her company was faced with more foreign competition and decided to restructure, which reduced the number of jobs at the company. Joann is
A) cyclically unemployed. B) internationally unemployed. C) structurally unemployed. D) transported unemployed. E) frictionally unemployed.
State and local governments receive most of their revenue from
A) sales and excise taxes, revenue from the federal government, and property taxes. B) individual income taxes, social insurance contributions, and property taxes. C) corporate income taxes, property taxes, and personal income taxes. D) property taxes, sales and excise taxes, and Social Security contribution.
Which of the following statements does NOT describe a function of money?
A) a store of value B) a hedge against inflation C) a standard of deferred payment D) a unit of accounting
If a pair-wise majority vote was held to determine which school project gets funded and the voters' preferences are shown in the table, which option would David like to see voted on first?
A. Library and computer lab
B. Computer lab and gym
C. Gym and library
D. It doesn’t matter which options are considered first.