The above figure is for a firm in monopolistic competition. The diagram represents the short run rather than the long run because the
A) MR curve cuts the ATC curve from below.
B) MR curve and the D curve do not coincide.
C) firm is incurring an economic loss.
D) firm is making an economic profit.
D
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If market demand for solar panels is specified as QD = 100 – 2.5P, the vertical intercept of demand, as conventionally graphed, is
a. +100 b. –100 c. –2.5 d. +40
Following the war-time prosperity for capital and the rich during World War I (1914–18), income distribution trended towards greater equality when peace came and market forces replaced the economy's wartime concerns in determining income
distribution. Indicate whether the statement is true or false
Financial intermediation is best defined as the process by which
A. financial institutions accept savings from savers and make loans to investors. B. corporations issue new stock. C. liabilities are liquidated. D. inflation is controlled.
Asymmetric information can lead to the ________-informed parties to try to take advantage of the ________-informed parties, which can cause ________.
A) better; less; moral hazard, but not adverse selection B) better; less; moral hazard and adverse selection C) less; better; adverse selection, but not moral hazard D) less; better; moral hazard, but not adverse selecti