Which of the following is ALWAYS true regarding a profit maximizing monopolistically competitive firm in short-run equilibrium?
A) P = ATC.
B) P = MR.
C) MR = MC.
D) MC = ATC.
C
Economics
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Individuals who have stopped looking for work because they are convinced that they will not find a job are considered
A) discouraged workers. B) part of the labor force. C) structurally unemployed. D) underemployed.
Economics
When price is constant, the average revenue curve is a(n)
a. upward-sloping straight line b. downward-sloping straight line c. horizontal line d. vertical line e. point on the total revenue curve
Economics