Firms that are participating in persistent dumping will sell less in the foreign market and charge a higher price than in the home market.

If elected officials prefer policy actions that make benefits available quickly while deferring costs, they will be inclined to favor

A) an easier monetary policy to counter recession. B) increased appropriations to provide jobs for unemployed workers. C) a wage and price freeze to control inflation. D) all of the above. E) none of the above.

The long-run equilibrium of a monopolistic competitor differs from the long-run equilibrium of a perfect competitor in that

A) the monopolistic competitor makes economic profits. B) the monopolistic competitor sets price equal to marginal cost. C) the monopolistic competitor produces at the minimum point of its average total cost curve. D) the monopolistic competitor charges a price that exceeds marginal cost.