A monopolistic competitor earns zero economic profits if ________
A) price is higher than average total cost
B) price is lower than marginal cost
C) price is equal to marginal cost
D) price is equal to average total cost
D
Economics
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We observe the duration of unemployment falling and wage rates rising. It is likely that
A) the government has initiated expansionary fiscal policy but the policies haven't taken effect yet. B) summer has arrived. C) aggregate supply has increased. D) aggregate demand has increased.
Economics
A decrease in the quantity supplied is represented by a
A) movement down the supply curve. B) movement up the supply curve. C) rightward shift in the supply curve. D) leftward shift in the supply curve.
Economics