In the long run, perfectly competitive firms earn just enough revenue to
A) pay all fixed costs.
B) pay all accounting costs.
C) pay all opportunity costs.
D) attract entry.
C
Economics
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The equilibrium level of GDP can be determined by finding the output level at which the unplanned change in inventories is
a. greater than aggregate expenditures b. less than aggregate expenditures c. zero d. equal to government expenditures e. equal to consumer spending
Economics
In communism, central planners decide which of the following?
a. what goods and services will be produced b. how much will be produced c. who will produce and consume the goods and services d. All of the above are correct.
Economics