The monetary base is smaller than the money supply

Indicate whether the statement is true or false

TRUE

Economics

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With an optimal two-part tariff

A) all consumer surplus is transformed into profit. B) consumer surplus equals producer surplus. C) the firm earns zero profit. D) consumers maximize consumer surplus.

Economics

While a firm in long-run equilibrium will make zero economic profits, it is still possible for the firm to make ______________ profits.

Fill in the blank(s) with the appropriate word(s).

Economics