When the domestic currency is initially overvalued in a fixed exchange rate regime, the central bank must intervene in the foreign exchange market to ________ the domestic currency, thereby allowing the money supply to ________

Which of the following barriers to entry is is most likely to result in the creation of of new products and production processes?

A) Patents. B) Licenses. C) Ownership of an essential raw material. D) Significant economies of scale.

A monopolistically competitive firm is producing an output level at which marginal revenue is greater than marginal cost. This firm should __________ quantity and __________ price to increase profit or reduce losses

a. increase, increase b. increase; decrease c. decrease; increase d. decrease; decrease e. increase; not change