Which of the following is NOT regarded as a source of inefficiency in monopolistic competition?
A) The fact that price exceeds marginal cost
B) Excess capacity
C) Product diversity
D) The fact that long-run average cost is not minimized
E) all of the above
C
Economics
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During the financial crisis, which type of risk was the biggest problem faced by investment banks?
A) interest-rate risk B) currency risk C) hedging risk D) credit risk
Economics
Economic growth always results in:
A. An expansion of production possibilities. B. A change in how goods are distributed. C. A movement along the production possibilities curve. D. Higher prices.
Economics