In monopolistic competition, in the long run firms have
A) a capacity shortage.
B) excess capacity.
C) an economic profit.
D) an economic loss.
B
Economics
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Forward contracts are of limited usefulness to financial institutions because
A) of default risk. B) it is impossible to hedge risk. C) they are relatively inflexible. D) of interest-rate risk.
Economics
According to the text, over 40 percent of member nations of the International Monetary Fund have
A) a fixed exchange rate. B) no separate legal currency. C) an independently floating exchange rate. D) a managed floating exchange rate.
Economics