In the long-run, a monopolist charges the same price as a perfectly competitive firm
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the scenario above. Which of the following will you choose in order to maximize return?
A) Plan 1 B) Plan 2 C) Plan 3 D) Plan 4
Rental income includes
A) the payment for the use of land. B) the payment for the use of all rented inputs. C) no income from rental housing because most houses are occupied by their owners. D) Both answers A and B are correct.
Statistical studies indicate that the liquidity trap
A) occurs during most recessions. B) occurs during inflationary periods. C) occurred only during the Great Depression. D) has not occurred.
Firms that participate in regular open market transactions with ________ are called primary dealers
A) commercial banks B) Treasury banks C) the Federal Reserve D) mortgage lenders