The maximization of profit and the minimization of losses is the primary factor affecting the economic decision making of:

In the monetary small open-economy model, a fixed exchange rate insulates the domestic price level from

A) both real and nominal shocks from abroad. B) real shocks from abroad, but not nominal shocks from abroad. C) nominal shocks from abroad, but not from real shocks from abroad. D) neither real nor nominal shocks from abroad.

Network externalities:

A. weaken forces that lead to monopoly in an industry. B. increase the likelihood that an industry will become a winner-take-all industry. C. promote the entry of new firms in a market. D. increase competition among existing firms in a market.