For the monopolistic competitor, which of the following is INCORRECT?
A) Because the firm is not a perfect competitor, its demand curve slopes downward.
B) The marginal revenue curve is downward sloping and lies below the demand curve.
C) The profit-maximizing rate of output arises at the point at which the marginal cost curve intersects the marginal revenue curve.
D) If the firm in a monopolistically competitive industry were making economic losses, new firms will enter the industry.
D
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Assume you have a credit card balance of $2,000 at 15 percent and the inflation rate is 3 percent. What are the nominal and real interest rates?
A) 15 percent nominal and 12 percent real B) 12 percent nominal and 15 percent real C) 15 percent nominal and 3 percent real D) 3 percent nominal and 12 percent real E) 15 percent nominal and 18 percent real
__________ make(s) it easy for small savers to diversify their portfolios
A) Direct finance B) Traded securities C) Regulation Q D) Financial intermediaries
Which of the following is a bank liability?
a. Required reserves. b. Excess reserves. c. Actual reserves. d. Checkable deposits. e. Loans.
During the 2000-2009 decade,
a. the economic freedom rating of the United States fell, but the growth rate of real GDP was more rapid than in recent decades. b. the economic freedom rating of the United States increased and the growth of real GDP was more rapid than that of recent decades. c. the economic freedom rating of the United States fell and the growth of real GDP was less rapid than that of recent decades. d. the economic freedom rating of the United States increased but the growth of real GDP was less rapid than that of recent decades.