In the long run, a firm has

A) no factors of production that are fixed.
B) no factors of production that are variable.
C) no factors of production that are either fixed or variable.
D) fixed factors of production but no variable resources.

A

Economics

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An important determinant of a country's standard of living is the amount of __________ it typically experiences

Fill in the blank(s) with correct word

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Use the following graph to answer the next question. What is the profit maximizing quantity of output for this pure monopoly?

A. 25 B. 10 C. 20 D. 40

Economics