In the long run, a monopolistically competitive firm that trades internationally ____________ than it would in autarky.
a. will produce more output
b. will earn more monopoly profits
c. will have higher average costs
d. will produce more output and earn more monopoly profits
Ans: a. will produce more output
Economics
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Discuss the relationship between poverty, growth and the environment
What will be an ideal response?
Economics
The nominal interest rate is 4%, the inflation rate is 1% and the tax rate is 20%. Given U.S. tax laws, how is after-tax real return computed?
a. .03(1-.20) b. .04(1 -.20) c. .04(1 - .20) - .01 d. None of the above is correct.
Economics