Capital formation in the colonies was mostly due to
a. savings and investments from the colonists themselves.
b. capital inflows from English merchants.
c. capital inflows from the English crown.
d. capital inflows from international sources other than England.
a. savings and investments from the colonists themselves.
Economics
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A firm could gain from cheating on a cartel agreement by doing all of the following except:
A) raising its price above the agreed level. B) lowering its price below the agreed level. C) selling more than its agreed quota. D) increasing production.
Economics
A firm's long-run position under perfect competition is often said to be efficient because
A) P = AR > MC = AVC. B) P = AR > MR = MC. C) P = MR = AVC = AFC. D) P = MR = MC = ATC.
Economics