Consider a monopoly who posts an economic profit of $10,000,000. All else equal, this monopolist should expect
A) entry into its market, prices to fall, profits to fall.
B) no entry into its market, prices to remain the same, profits to remain the same.
C) exit from its market, prices to rise, profits to rise.
D) entry into its market, the need to increase price, profits to remain the same.
B
Economics
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Which of the following is true?
A) A bank is solvent when its deposits become positive. B) A bank is insolvent when its reserves become negative. C) A bank is solvent when its excess reserves become negative. D) A bank is insolvent when its net worth becomes negative.
Economics
If you invest $10,000 in a bond that earns 8% interest per year, how many years will it take to double your money?
A) 1 year and 3 months B) 2 years and 6 months C) 8 years D) 8 years and 9 months
Economics