Monetary policy in the United States is primarily the responsibility of ________

Consider the two graphs below. Graph A represents a typical firm in a purely competitive industry. Graph B represents the supply and demand conditions in that industry. The dashed horizontal line represents the current market price for firms and for

the industry. In the long run, what will happen to price, profit, the supply curve, and the number of firms in the industry? What will be an ideal response?

State sales taxes are operated as a system of

A) ad valorem taxation. B) unit taxation. C) income taxation. D) revenue minimizing taxation.