The designate M1 measure of money consists of
A) the most liquid types of money in the U.S. system.
B) small time deposits only.
C) credit cards and ATM cards.
D) gold and gold coins.
A
Economics
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Suppose that market demand can be represented as p = 100 - 2Q. There are 10 identical firms producing an undifferentiated product, each with the total cost function TC = 50 + q2. Compare the competitive outcome with the cartel outcome
What is the individual firm's incentive to cheat on the cartel?
Economics
The principal-agent problem arises because the agent's objectives differ from those of the principal
a. True b. False
Economics