Refer to the scenario above. If the marginal cost of producing the last unit of the good is $40, Nash equilibrium will occur when both firms charge a price of ________

The largest expenditure component of the federal budget is spending on

A) the military. B) foreign aid. C) environmental protection programs. D) entitlement programs.

The Federal Deposit Insurance Corporation insures

A) banks against lawsuits. B) the deposits held in the Fed. C) the federal funds market. D) the deposits held in member banks.