Refer to the scenario above. What will be the GDP per capita of country B at the beginning of year 2012?
A) $2,555.15 B) $28,82.85 C) $2,450.65 D) $2,646
D
Economics
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Which of the following statements is (are) true concerning a pure competition situation?
a. Its demand curve is represented by a vertical line. b. Firms must sell at or below market price. c. Marginal revenue is equal to price. d. both b and c e. both a and b
Economics
In monopolistic competition, which of the following would make an individual firm's demand curve less elastic?
A. The purchase of more efficient machinery B. An increase in the price of the firm's product C. Increased brand loyalty toward the firm's product D. An increase in the number of rival firms
Economics