Organizing a successful firm in a market economy has become ________ over the last century
A) legally impossible
B) politically impossible
C) less difficult
D) more difficult
Answer: D
Economics
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Answer the following statement true (T) or false (F)
1) Although sleeping in on a work day or school day has an opportunity cost, sleeping late on the weekend does not. 2) An economy will always operate at some point on its production possibilities curve. 3) In drawing a particular budget line, money income and the prices of the two products are fixed. 4) The lower the consumer's income, the higher his or her budget line.
Economics
Refer to the diagram for a monopolistically competitive firm in short-run equilibrium. This firm's profit-maximizing price will be:
A. $10.
B. $13.
C. $16.
D. $19.
Economics