If the price of a good is increased and total revenue received from the sale of this good increases, then the price elasticity of demand for the good is

Smaller firms tend to rely on financial intermediaries instead of financial markets for external financing due to

A) transactions costs. B) adverse selection. C) moral hazard. D) all of the above.

For a perfectly competitive firm, the short-run break-even point occurs at the level of output where

A) P > MR = MC. B) MR = P > MC. C) MR < P = MC. D) P = MC = ATC.