Menu costs will:
A. Increase the amount of training of workers
B. Result in price wars between businesses
C. Increase the legal minimum wage
D. Make prices inflexible downward
D. Make prices inflexible downward
Economics
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A realtor in the real estate market is an example of
A) an end user in a shared-input market. B) a platform in a shared-input market. C) a platform in a matchmaking market. D) an end user in a matchmaking market.
Economics
Zero economic profits for a perfectly competitive firm in the long run means
A. the firm must exit the industry. B. the firm is in equilibrium. C. the firm will shut down until the market improves. D. average revenue is insufficient to cover long-run average cost.
Economics