A weakening in consumer confidence causes a
A) shift of the aggregate demand curve to the right.
B) movement down along the aggregate demand curve.
C) shift of the aggregate demand curve to the left.
D) movement up along the aggregate demand curve.
C
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The market for eyeglasses is monopolistically competitive. It follows that firms in the eyeglass industry: a. could earn economic profit in long-run equilibrium
b. could earn economic profit in short-run equilibrium. c. charge a price equal to marginal cost. d. charge a price equal to the minimum average total cost.
Coca-Cola has a secret formula that has never been copied. This is because Coca-Cola
a. is an unbalanced oligopoly b. has a trademark that cannot be copied c. has patent rights on the formula d. has exclusive access to formula information e. is a natural monopoly