In the circular flow model, consumption goods are bought and sold in the

For a duopoly, the maximum total profit is reached when the duopoly produces

A) the same amount of output as the competitive outcome. B) the same amount of output as the monopoly outcome. C) an amount of output that lies between the competitive outcome and the monopoly outcome. D) more output than the competitive outcome. E) less output than the monopoly outcome.

Firms in Thailand that had ________ while the baht was pegged to the dollar faced interest payments that were higher than they had planned once the Thai government abandoned the peg because the baht had been pegged ________ the equilibrium exchange

rate for the baht. A) borrowed dollars; above B) borrowed baht; above C) borrowed baht; below D) borrowed dollars; below