The figure above shows a perfectly competitive firm. When the firm maximizes its profit, its economic profit
A) is more than $300.
B) is $300.
C) is less than $300.
D) The premise of the question is wrong because the firm is incurring an economic loss.
C
Economics
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Regarding central bank independence
A) the Fed is more independent than the European Central Bank. B) the European Central Bank is more independent than the Fed. C) the trend in industrialized nations has been to reduce central bank independence. D) the Bank of England has the longest tradition of independence of any central bank in the world.
Economics
If people expect real estate prices to increase significantly, the ________ curve for bonds will shift to the ________, everything else held constant
A) demand; right B) demand; left C) supply; left D) supply; right
Economics