Which of the following is true for a profit-maximizing competitive firm in the long run but not a monopolist?

If the price of automobiles were to increase substantially, the demand curve for automobiles would most likely

A) shift rightward. B) shift leftward. C) remain unchanged. D) become steeper.

Currency (paper money plus coins) constitutes about:

A. 24 percent of the U.S. M1 money supply. B. 45 percent of the U.S. M1 money supply. C. 51 percent of the U.S. M1 money supply. D. 55 percent of the U.S. M1 money supply.