In general equilibrium
A) supply equals demand for all goods in all periods.
B) supply equals demand for most goods in all periods.
C) supply equals demand in present value, but not in all periods.
D) prices are exogenous.
A
Economics
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A merger of several firms operating in different industries—for example, a trucking company, a fast-food chain, and a brokerage house—is called:
A. an integrated merger. B. a conglomerate merger. C. a vertical merger. D. a horizontal merger.
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Refer to Figure 8.7. If Buffy gives 17 perms per day, her daily profit is A) $3. B) $10. C) $45. D) $51.
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