Survivability in a perfectly competitive world requires that
A) firms minimize average total cost.
B) firms produce new and different products.
C) firms maximize profit.
D) firms maximize revenue.
C
Economics
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For country A, an export is a good produced in
A) country B and purchased by residents of country A. B) country A and purchased by residents of country A. C) country B and purchased by residents of country B. D) country A and purchased by residents of country B.
Economics
If V = 5, P = $3, and Y = 50, then the quantity of money equals
A) $10. B) $30. C) $150. D) $300.
Economics