In the long-run, a firm in monopolistic competition produces an amount of output that sets
A) P > ATC and MR = MC.
B) P > ATC and MR > MC.
C) P = ATC and MR = MC.
D) P = ATC and MR > MC.
C
Economics
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Refer to the graph below. An increase in the demand for yen will result in:
Assume that Japan and the United States are engaged in a system of flexible exchange rates.
A. A depreciation of the Japanese yen
B. An appreciation of the U.S. dollar
C. A depreciation of the U.S. dollar
D. A decrease in the dollar price of yen
Economics
Easy monetary policy will ________ net exports as a result of a ________ currency.
A. increase; stronger B. decrease; stronger C. decrease; weaker D. increase; weaker
Economics