In the long run, firms in both monopolistically competitive markets and perfectly competitive markets earn zero economic profits, but unlike perfectly competitive firms in the long run, monopolistically competitive firms
A) charge a price that is equal to marginal cost.
B) charge a price that is equal to average total cost.
C) do not produce at minimum average total cost.
D) charge a price that is greater than average revenue.
C
Economics
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A decrease in the interest rate, other things being equal, causes a(n):
a. upward movement along the demand curve for money. b. downward movement along the demand curve for money. c. rightward shift of the demand curve for money. d. leftward shift of the demand curve for money.
Economics
The Monetary Control Act of 1980 extended the Fed's authority to:
a. impose required-reserve ratios on all depository institutions. b. control the discount rate. c. control the federal funds rate. d. all of these.
Economics