General equilibrium refers to
A. examining markets without specific information.
B. finding equilibrium from general information.
C. pricing goods at their shadow price.
D. all of these.
E. none of these answer options are correct.
E. none of these answer options are correct.
Economics
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With a price support program, who receives a subsidy?
A) only consumers B) only producers C) the government D) importers E) Both consumers and producers receive a subsidy.
Economics
In the long run, perfectly competitive firms produce at the output level that has the minimum
A) marginal cost. B) average total cost. C) average variable cost. D) average fixed cost. E) total revenue.
Economics