Suppose a monopolist and a perfectly competitive firm have the same cost curves. The monopolistic firm would:
a. charge a lower price than the perfectly competitive firm.
b. charge a higher price than the perfectly competitive firm.
c. charge the same price as the perfectly competitive firm.
d. refuse to operate in the short run unless an economic profit could be made.
e. refuse to operate in the short run if an economic loss was present.
b
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A noncooperative outcome after the center nation has undertaken a stabilization policy in response to an asymmetric shock would be that the:
A) center country abandons its own stabilization policy in favor of the home country. B) home country absorbs the losses resulting from the stabilization policy in the center country. C) center country makes concessions, recognizing the impact on the home country and thereby sharing the pain. D) peg is temporarily abandoned.
College textbook royalties are paid based on the sales to
A. bookstores. B. students. C. faculty. D. internet outlets.