The firm in the figure above is in monopolistic competition. The firm has
A) no excess capacity.
B) excess capacity of 10 units.
C) excess capacity of 20 units.
D) excess capacity of 30 units.
C
Economics
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A method of allocating scarce resources is a necessary component of
a. all economic systems b. all economic systems except market capitalism c. centrally-planned socialism and market socialism only d. centrally-planned capitalism and market capitalism only e. all economic systems except centrally planned socialism
Economics
Which of the following would be studied by a macroeconomist rather than a microeconomist?
A. shipping rates B. price of corporate stock C. market price of Japanese cars D. unemployment rate in the nation
Economics