Refer to Figure 16-2. Suppose Plato Playhouse charges a single price of Pd for each performance. Which of the following statements is true?
A) The company is selling less than the profit-maximizing quantity in the non-student market and more than the profit-maximizing quantity in the student market.
B) The company is selling less than the profit-maximizing quantity in both markets.
C) The company is selling less than the profit-maximizing quantity in both markets but it is maximizing its revenue.
D) The company is selling more than the profit-maximizing quantity in the non-student market and less than the profit-maximizing quantity in the student market.
D
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Suppose some firms in a perfectly competitive market are incurring an economic loss. As a result,
A) all the firms will eventually incur an economic loss. B) some firms will leave the market and the price of the good will rise. C) some firms will leave the market and the remaining firms' quantity will decrease. D) the total market economic profit must equal $0.
__________ plus __________ plus __________ equals ___________
a. Total deposits, loans, required reserves, excess reserves. b. Loans, required reserves, excess reserves, total deposits. c. Required reserves, total deposits, excess reserves, loans. d. Excess reserves, loans, total deposits, required reserves.