It is relatively easy for firms to enter and exit a perfectly competitive market

When the market demand increases in a perfect competition, the long-run result is a larger number of firms, a higher price, and a permanent economic profit for the firms

Indicate whether the statement is true or false

Deposits in European banks denominated in dollars for the purpose of international transactions are known as

A) Eurodollars. B) European Currency Units. C) European Monetary Units. D) International Monetary Units.