Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. The current market price is 4 cents per page. With no change in demand and technology, in the long run, the price will
A) remain unchanged.
B) rise to 5 cents per page.
C) fall to 2 cents per page.
D) fall to 1 cent per page.
C
Economics
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A policy where the Federal Reserve focuses only on inflation is called monetarizing inflation
Indicate whether the statement is true or false
Economics
Which of the following is a key question that must be addressed by an economy?
A) What will be made with our resources? B) How much will we spend producing products? C) Where will we produce our products? D) When should we produce our products?
Economics