A firm that has little ability to influence market prices operates in a

a. competitive market.
b. strategic market.
c. thin market.
d. power market.

a

Economics

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If autonomous imports increase, then the aggregate expenditure curve shifts ________ and equilibrium real GDP ________

A) upward; increases B) downward; does not change C) downward; increases D) upward; decreases E) downward; decreases

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In the figure above, Nike's economic profit is ________

A) $3,000 B) $1,800 C) $9,000 D) zero

Economics