The principle marginal revenue equal-marginal-cost rule for maximizing profit
A) does not apply to firms in the monopoly or oligopolistic industries.
B) applies only for firm in perfect competition but not in monopolistic competition.
C) applies to new firms but not to existing firms in an industry.
D) applies to all the firms in all industries.
D
Economics
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Which of the following is likely to have the most price elastic demand?
a. scissors b. fruit c. music downloads d. toothpaste
Economics
When taxes and transfer payments are taken into account, the distribution of income in the United States:
A. Is unchanged B. Is less equally distributed C. Is more equally distributed D. Becomes more beneficial for the wealthy
Economics