Is there a similarity between a monopoly and a monopolistically competitive firm in the long run? Explain your answer
What will be an ideal response?
Both a monopoly and a monopolistically competitive firm charge a price higher than marginal cost in the long run.
Economics
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A nation's account with the International Monetary Fund is known as
A) a quota subscription. B) monetary deposits. C) monetary rights. D) international reserves.
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Households
A) have no involvement in the circular flow in a market economy. B) purchase resources in the factor market. C) sell goods in the product market. D) sell resources in the factor market.
Economics