Refer to Scenario 12.3. What will be the price of this new drink in the long run if the industry is a Cournot duopoly?

A ________ is an exclusive right granted by the government to an author's intellectual property

A) patent B) blueprint C) copyright D) trademark

When a household takes extra (unbudgeted) money on a trip, economists would classify this money as held for a(n):

a. speculative demand. b. transactions demand. c. emergency motive. d. precautionary demand. e. inflationary motive.