Firms in perfect competition are often described as price
A. takers.
B. makers.
C. setters.
D. leaders.
Answer: A
Economics
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Based on the above figure, for which of the following amounts of output at Ike's Ice Cream Kitchen does the average product of labor exceed the marginal product of labor?
A) at 10 gallons B) at 40 gallons C) at 70 gallons D) all of the above
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Tax expenditures can be viewed as government spending through the tax code
a. True b. False
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