A firm is currently selling its output for $30 per unit. If the firm reduces the price to $29 in order to boost sales, marginal revenue will
a. equal $30
b. equal $29
c. be between $30 and $29
d. be less than $29
e. exceed $30
D
Economics
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An industry's total revenue is $100 million. The above table shows the total revenue of the four largest firms in an industry
a. Calculate this industry's four-firm concentration ratio. b. Is this industry competitive? c. What market type does it most likely represent?
Economics
Which of the following is a reason not to join a monetary union?
A) the loss of national identity B) the loss of seignorage C) a lack of fiscal integration D) All of these are reasons not to join.
Economics