Toys for Toddlers, Inc, sells in a perfectly competitive market, with an equilibrium price of $5 . Its marginal revenue:
a. is greater than $5.
b. is $5

c. is less than $5.
d. is less than zero.

b

Economics

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In California, proposition 209 eliminated racial preferences in college admissions

Indicate whether the statement is true or false

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Drug-interdiction policies that reduce the supply of illegal drugs

a. are likely to be more effective in the short run than in the long run. b. are proven to reduce illegal drug use faster than drug-education programs designed to reduce demand. c. may increase drug-related crimes. d. All of the above are correct.

Economics