Which of the following is NOT similar between monopolistic competition and perfect competition?
A) Many firms compete in the market.
B) It's easy to enter the market.
C) The firms have downward sloping demand curves.
D) The firms might incur economic losses in the short run.
E) In the long run, the firms earn zero economic profit.
C
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If Jet Cruises chooses to Ad, Easy Sail should ________ and earn ________ million in net profit.
Jet Cruises wants to prevent Easy Sail from entering the sailboat market. The above game tree illustrates the different strategies and corresponding payoffs for the two firms. Both Jet Cruises and Easy Sail have the same strategies of advertising (Ad) or not advertising (No Ad). The payoffs represent net profit in millions.
A) Ad; $3 B) No Ad; $2 C) Ad; $5 D) No Ad; $4
In 2013, new stock sales accounted for ____ in corporate financing because corporations bought back some of their stock
a. $2 billion b. -$384 billion c. $1 trillion d. ?$65 billion
Taxes on sales of liquor, tobacco, and tires are examples of
a. direct taxes. b. excise taxes. c. progressive taxation. d. loopholes.
A demand-pull inflation can be described as ________ shifts in the AD curve and ________ shifts in the SAS curve.
What will be an ideal response?