In the Cournot duopoly model, each of the two firms, in determining its profit-maximizing price-output level, assumes that the other firm's ____ will not change

Activities that firms, universities, and governments undertake to increase their knowledge base are referred to as:

A) primary activities. B) research and development (R&D) activities. C) secondary activities. D) tertiary activities.

After you finish your degree, suppose your salary is $52,000 per year. This is an example of money as

A) a medium of exchange. B) a unit of account. C) a store of value. D) M1.