Suppose a sushi restaurant is making significant economic profit in the short run. In the long run

A) more people will open sushi restaurants, reducing the economic profit for each restaurant.
B) high barriers to entry keep people from opening sushi restaurants.
C) the government will require the sushi restaurant to sell part of its interests in the city.
D) more people will open steak restaurants, increasing the economic profit for the sushi restaurant.


A

Economics

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According to the Fisher effect, if a lender and a borrower would agree on an interest rate of 8 percent when no inflation is expected, they should set a rate of _______ when an inflation rate of 3 percent is expected

a. 2 percent b. 5 percent c. 8 percent d. 11 percent

Economics

Money is defined as

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Economics

The market supply curve indicates the total quantity all producers in a competitive market would produce at each price,

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Economics