The entry of firms into a perfectly competitive industry causes the supply curve to
a. increase its slope.
b. decrease its slope.
c. move toward the right.
d. move toward the left.
c
Economics
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Today, you might be buying from a regulated natural monopoly when you purchase
A) a car, a truck, or a bicycle. B) a computer, a phone, or a camera. C) natural gas or electricity. D) a house, a condominium, or a plot of land. E) food in a grocery store or in a restaurant.
Economics
The interest rate that banks charge other banks for short-term loans is the:
a. discount rate. b. prime rate. c. treasury rate. d. federal funds rate. e. interbank rate.
Economics