The General Motors Acceptance Company (GMAC) is a
A) sales finance company.
B) consumer finance company.
C) business finance company.
D) public finance company.
A
Economics
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The cost that does not change as output changes is
A) total fixed cost. B) average fixed cost. C) total variable cost. D) average variable cost. E) marginal cost.
Economics
As firms enter a perfectly competitive market, the price
A) falls and the existing firms' economic profits do not change. B) rises and the existing firms' economic profits decrease. C) falls and the existing firms' economic profits decrease. D) falls and the existing firms' economic losses do not change.
Economics