The long run outcome of the monopolistically competitive firm:
A. occurs where price equals marginal cost.
B. maximizes total surplus.
C. creates welfare loss.
D. does not maximize profits.
A. occurs where price equals marginal cost.
Economics
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In a closed economy:
A) consumption is equal to zero. B) investment is equal to zero. C) government spending is equal to zero. D) net exports is equal to zero. In a closed economy, without the government, the consumption expenditure equals $5,000 and the investment expenditure equals $2,000.
Economics
The largest recipient of remittances in dollars in the year 2008 was:
(a) India. (b) Mexico. (c) Pakistan. (d) Philippines.
Economics