Which of the following is NOT present in a perfectly competitive market?
A) profit maximizing firms
B) an economic profit in the long run
C) price taking behavior
D) identical products
B
Economics
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Which of the following variables will shift the classical aggregate demand curve?
a. An increase in government spending b. A decrease in taxes c. An increase in autonomous investment expenditures d. An increase in the money stock e. All of the above
Economics
Firms emerge when transaction costs of using the market are less than the cost of hierarchical control
a. True b. False
Economics