In the long run, a monopolistically competitive firm's demand curve must be tangent to its average cost curve

Referring to a bank's t-account, equity refers to

A) the difference between total assets and total liabilities. B) the sum of total assets and total liabilities. C) the ratio of the total assets and total liabilities. D) none of the above.

The key difference between the primary and secondary bond markets is that __________ bonds are traded on the primary market, while __________ bonds are traded on the secondary market

a. newly issued; previously issued b. government; corporate c. more valuable; less valuable d. low risk; high risk e. high yield; low yield