In a cartel, firms jointly act as
A) a monopolistic competitive firm.
B) a perfectly competitive firm.
C) a monopoly firm.
D) an oligopolistic firm.
C
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A profit-maximizing firm operates in purely competitive product and resource markets, with the following resource and production schedules.WorkersTotal Production11002190327043405400645074908520The product price is $10 per unit and the cost per worker is $600. How many workers will the firm employ?
A. 4 B. 5 C. 6 D. 7
The production of paper creates pollution, an external cost. What happens to the production of paper if the government imposes a tax on paper producers equal to the marginal external cost of the pollution?
What will be an ideal response?
Without someone actually coming into the bank to demand a loan, there is no process of money creation
Indicate whether the statement is true or false
People's skepticism about central bankers' announcements of their intentions stems from the fact that policymakers may act in a fashion that is time inconsistent
a. True b. False Indicate whether the statement is true or false