In a monopolistically competitive market, how do we model the firm's slight control over the price that they charge?
A. The demand curve is downward sloping and very elastic.
B. The demand curve is downward sloping and very inelastic.
C. The ATC is relatively flat.
D. The AVC is horizontal.
Answer: A
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Indicate whether the statement is true or false
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A) 4% B) 3% C) 2% D) 1%
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a. reduces both the quantity of loanable funds supplied and the quantity of loanable funds demanded. b. reduces the quantity of loanable funds supplied and raises the quantity of loanable funds demanded c. raises both the quantity of loanable funds supplied and the quantity of loanable funds demanded. d. raises the quantity of loanable funds supplied and reduces the quantity of loanable funds demanded.
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A. an economic boom. B. an economic downturn. C. hyperinflation. D. stagflation.