A monopolist will spend resources to advertise its product so long as
A) net profits increase.
B) gross profits increase.
C) demand increases.
D) total revenue increases.
A
Economics
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As long as it does not shut down, a profit-maximizing perfectly competitive firm will
A) always earn an economic profit. B) produce so that marginal revenue equals marginal cost. C) produce so that price equals average cost. D) never set its price equal to its marginal revenue.
Economics
Which of the following types of money has intrinsic value?
A. Commodity money B. Fiat money C. Both commodity and fiat money D. None of the above is correct.
Economics