The demand curve facing the firm in ____ is the same as the industry demand curve
a. pure competition
b. monopolistic competition
c. oligopoly
d. pure monopoly
e. none of the above
d
Economics
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If the Fed buys $10 million dollars in government bonds from a bank, and the legal reserve requirement is 20 percent, the banking system is able to expand the money supply by
a. $10 million b. $8 million c. $2 million d. $40 million e. $50 million
Economics
Which of the following is the best example of a pair of complements?
a. ?Milk and coffee b. ?Coffee and tea c. ?CDs and DVDs d. ?Hiking boots and athletic shoes e. ?Paperback books and hard cover books
Economics