Which statement concerning monopolistic competition is false?
A. In the long run P = AC > MC
B. Firms may experience losses in the short run
C. Firms differentiate their products, but the products are relatively substitute
D. Firms may experience positive economic profits in the long run
D. Firms may experience positive economic profits in the long run
Economics
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Who had served as a de facto lender of last resort during the 1907 panic?
A) The U.S. Treasury B) J. P. Morgan C) Henry Ford D) John D. Rockefeller
Economics
Which of the following occurred during the 20th century?
(a) The total U.S. population increased. (b) The percentage of foreign-born residents decreased, on average. (c) The median age fell. (d) All of the above occurred during the 20th century.
Economics