For a monopolistically competitive firm, the demand curve
A) is a horizontal line.
B) has a positive slope.
C) is vertical.
D) has a negative slope.
E) is the same as the marginal revenue curve.
D
Economics
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A regulation that specifies the maximum amount of a good or service that may be imported during a specified period of time is a:
A) quota. B) tariff. C) nontariff barrier. D) export quota.
Economics
A mandatory seatbelt law ends up raising the number of traffic fatalities if it lowers fatalities per accident from 0.11 to 0.08 while raising the number of accidents per period from 100,000 to any more than
A) 108,000. B) 111,111. C) 137,500. D) 110,000.
Economics