Suppose there are only two steel firms in the steel industry and their prices are equal to or very close to their ATCs. This circumstance suggests that
a. steel firms are not profit maximizing
b. steel has no close substitutes
c. the demand for steel is weak
d. quantity supplied is less than quantity demanded at the market prices
e. close substitutes are produced in other industries
E
Economics
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A bond that pays a yearly interest rate of $100 is for sale. The interest rate was 10 percent and now is 5 percent. The price of the bond has
A) decreased from $1000 to $500. B) increased from $1000 to $2000. C) decreased from $2000 to $1000. D) increased from $500 to $2000.
Economics
Caseload reduction should be viewed as the sole measure of poverty performance
Indicate whether the statement is true or false
Economics