In the problem of double marginalization, the resulting price is ______than if the manufacturer were to sell directly to the consumer
a. Higher
b. Lower
c. The same
d. None of the above
a
Economics
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If the interest rate increases, there is a(n)
A) increase in the demand for money. B) decrease in the demand for money. C) increase in the quantity of money demanded. D) decrease in the quantity of money demanded.
Economics
If a perfect competitor faces P = ATC in the long run, the firm will
A) earn economic profits. B) earn economic losses. C) leave the industry. D) remain in the industry.
Economics