In this graph, why is there a loss?
a. ATC is equal to D at q*.
b. P* is less than ATC at q*.
c. ATC is more than the MR at q*.
d. P* is equal to D at 0.
b. P* is less than ATC at q*.
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_______________________: A forced sale or a desperation purchase can cause unequal bargaining power between buyers and sellers. more commonly, personal relationships may cause a transaction price to be lower than true market value, as when a parent " sells" real estate to a son or daughter.
Fill in the blank(s) with the appropriate word(s).
If you believe that the economy can achieve full employment without inflation through tax reductions, spending cuts, and deregulation, you are a member in good standing in the
a. classical school b. Keynesian school c. neo-Keynesian school d. rational expectations school e. supply-side school