The Fed ____ bonds when it conducts an open-market purchase. This action _____ the money supply

Which of the following will not generally be true of a monopolistic competitor operating in the long run? a. It will be earning normal profits

b. Its marginal revenue = marginal cost. c. Its average total cost will be minimized. d. Its price will be greater than its marginal cost.

A demand schedule is a table that shows the relationship between

a. quantity demanded and quantity supplied. b. income and quantity demanded. c. price and quantity demanded. d. price and income.