Refer to the below table. Nominal GDP rises faster than real GDP between years:
A.
1 and 2
B.
2 and 4
C.
4 and 5
D.
5 and 6
B.
2 and 4
Economics
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The figure above shows the situation facing Smart Digit, Inc, a firm in monopolistic competition that produces calculators. What is the firm's profit-maximizing price?
A) $12 B) $10 C) $8 D) $4
Economics
A market
A) always involves the personal exchange of goods for money. B) allows interactions between consumers and firms. C) always takes place at a physical location. D) has no influence on prices.
Economics