The marginal firm in a competitive market will earn zero economic profit in the long run
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The Keynesian model is basically
A) a long-run theory. B) a short-run theory. C) a combination of long- and short-run theories. D) a theory about the economy in both the long run and the short run.
Economics
Any current outlay that is expected to yield a flow of benefits beyond one year in the future is:
a. a capital gain b. a wealth maximizing factor c. a capital expenditure d. a cost of capital e. a dividend reinvestment
Economics