What is signaling?
What will be an ideal response?
Signaling refers to an action that an individual with private information takes in order to convince others about his or her information.
Economics
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In long-run equilibrium in a monopolistically competitive industry, a firm will
A) always earn an economic profit. B) produce an output rate at which P = MC. C) produce at a point to the left of the minimum point on its average total cost curve. D) have a perfectly elastic demand curve.
Economics
__________ flows from government to households
A) A transfer payment B) A tax payment C) The Laffer Curve D) Crowding out
Economics