If firms in an oligopoly agree to produce according to the monopoly outcome, they will produce the same level of output as they would produce in a Nash equilibrium

One of the problems in conducting a duration gap analysis is that the duration gap is calculated assuming that interest rates for all maturities are the same. That means that the yield curve is

A) flat. B) slightly upward sloping. C) steeply upward sloping. D) downward sloping.

A doorknob manufacturer sells 400 doorknobs at a price of $10 each. It has total costs of $4,500, of which $700 are fixed costs. This means the firm

a. has an economic profit of $500 b. should produce in the short run at a loss c. should shut down in the short run d. has total variable costs of $500 e. has price less than average variable cost