In the short run, the price level is determined primarily by the supply of goods
Indicate whether the statement is true or false
FALSE
Economics
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Refer to the figure above. If the monopolist faces a constant marginal cost of $10, what is the optimal quantity that it should produce?
A) 20 units B) 30 units C) 40 units D) 80 units
Economics
An example of a price floor is a
A) rent control. B) minimum wage. C) subsidy. D) quota.
Economics