Checks ________ money and checking deposits ________ money
A) are; are
B) are; are not
C) are not; are
D) are not; are not
C
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The equilibrium price charged by a monopolistic competitor in the long run after the entry of new firms is ________
A) higher than the equilibrium price charged by the firm before the entry of new firms B) lower than the equilibrium price charged by the firm before the entry of new firms C) lower than the equilibrium price charged by a perfectly competitive firm in the long run D) equal to the equilibrium price charged by the firm before the entry of new firms
Briefly explain what economists mean when they refer to the stock market as a random walk.
What will be an ideal response?
Use the table below to answer the next question for a perfectly competitive firm.OutputTotal RevenueTotal Cost0$0$501407428094312011741601425200172The marginal revenue generated from the third unit of output is
A. $160. B. $120. C. $40. D. $50.
A monopsonist is
A) a firm with monopoly power in the local area. B) a firm that has a unionized labor force. C) a single seller of an input. D) a single buyer of an input.