In long-run equilibrium, a monopolistically competitive firm's demand curve will be tangent to its average cost curve
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Firms in perfect competition are price takers because
A) each firm is too small relative to the market to be able to influence price. B) one firm determines the price that all other firms in the industry will charge. C) firms accept the price determined by the government. D) consumers have enough market power to set prices.
Economics
Which of the following countries has the highest Gini ratio, as of 2011?
A. Italy. B. United States. C. South Africa. D. Mexico.
Economics