According to the graph shown, in the long run we can expect that
These are the cost and revenue curves associated with a monopolistically competitive firm in the short run.
A. firms will enter the market.
B. firms will exit the market.
C. price will increase.
D. profits will increase.
A. firms will enter the market.
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What would the Balance on Goods and Services equal given the following information?Government Taxes= $700; Saving= $100; Gross Private Domestic Investment= $400; Government Spending= $600
a. It is impossible to tell. b. +$1,800 c. +$200 d. -$200 e. +$800
When Americans increase their demand for Japanese goods
A) the demand for dollars will rise, and the demand for yen will rise. B) the demand for dollars will fall, and the demand for yen will rise. C) the supply of dollars will rise, and the demand for yen will rise. D) the supply of dollars will fall, and the demand for yen will fall.