An online dating firm is
A) a platform in a shared-input market.
B) an end user in a matchmaking market.
C) a platform in a matchmaking market.
D) an end user in a shared-input market.
Answer: C
Economics
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Assume a company is at a point in production where marginal product is below average product. Which of the following must be true?
A. Diminishing marginal product must have set it. B. Marginal product must be falling. C. Average product must be falling. D. All of these are true.
Economics
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Economics