The short run in macroeconomics is the period in which
A) prices change significantly. B) the demand curve is vertical.
C) no contracts or agreements exist to fix prices. D) demand determines output.
D
Economics
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The specificity rule implies that changing property rights as a way to correct externalities is preferred to the use of government taxes and subsidies.
Answer the following statement true (T) or false (F)
Economics
Explain why the marginal cost curve intersects average total cost at the point of minimum average total cost.
What will be an ideal response?
Economics