Firm A, a small ancillary firm, needs funds to purchase new machinery for its factory. The best way the firm can raise funds is:
a. by taking credit from a credit union.
b. by issuing stocks

Where do economic agents such as individuals, firms, and nations interact with each other?

A) in any arena that brings together buyers and sellers B) in any location where transactions can be monitored by consumer groups and taxed by the government C) in any physical location where people can physically get together for selling goods, such as shopping malls D) in public locations monitored by the government

In the long run, monopolistic competitive firms are considered to be operating inefficiently because their

A) economic profits are positive. B) economic profits are zero. C) average total costs are not at a minimum. D) marginal costs are rising.