Which government agency publishes four-firm concentration ratios?

A) the Economic Council
B) the Federal Reserve System
C) the U.S. Bureau of the Census
D) the Treasury Department

Answer: C

Economics

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Money demand is given by Md/P = 1000 + .2Y - 1000i. Given that P = 200, Y = 2000, and i = .10, real money demand is equal to

A) 1300. B) 1500. C) 260,000. D) 300,000.

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Use the above figure. The AVC at output 10 is

A. $1.00. B. $2.00. C. $20.00. D. $3.00.

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