As a curve approaches a maximum point, the slope will
A) be positive, then negative after the maximum point.
B) be negative, then positive after the maximum point.
C) remain constant on either side of the maximum point.
D) increase before and after the maximum point.
A
Economics
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If a firm happened to be the only seller of a particular product, it might behave as a price taker as long as
A) buyers have full information about the firm's price. B) the transaction costs of doing business with this firm are low. C) there are many buyers. D) there is free entry and exit.
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Aggregate income is the sum of:
A. employee compensation, rent, and profits. B. employee compensation, rent, profits, interest, and transfer payments. C. employee compensation and profits. D. employee compensation, rent, profits, and interest.
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