The part of corporate profits that is paid to the shareholders of a corporation is
A) retained earnings.
B) shareholders.
C) dividends.
D) business revenue.
C
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In the long run, all factors of production are
A) variable. B) fixed. C) materials. D) rented.
In a market system, prices are determined by
a. corporate executives b. government bureaucrats c. supply and demand d. total market demand e. production costs
An oligopolistic market
a. has a small number of rival firms, and each is large relative to the size of the market. b. is characterized by firms that merely take the price that is determined by the forces of supply and demand in the market. c. has low entry barriers facing firms that may be interested in entering the market. d. has a large number of firms that are small relative to the size of the market.
An increase in AD will primarily increase output when the economy is on the flat part of the AS curve.
Answer the following statement true (T) or false (F)