How can a perfectly competitive firm that makes (along with its competitors) zero economic profit create positive economic profit in the short run? It can
a. raise the price of its good
b. develop a new cost-saving technology
c. advertise to promote its own brand
d. set up barriers to entry
e. lower the price to increase the quantity it can sell
B
Economics
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____ of the price drops it has recorded happened on Tuesday and ___ on Wednesday.
Fill in the blank(s) with the appropriate word(s).
Economics
Suppose the United States is experiencing a balance of payments deficit. To prevent the exchange rate from depreciating, the U.S. Treasury must
A) buy both dollars and foreign currency. B) sell both dollars and foreign currency. C) sell dollars and buy foreign currency. D) sell foreign currency and buy dollars.
Economics