Since it does not have to be converted into anything else to make purchases, ________ is the most liquid asset
A) money
B) stock
C) artwork
D) gold
A
Economics
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One interesting feature of a prisoner's dilemma game is that
A) non-cooperative behavior leads to lower payoffs than cooperative behavior. B) it was only valid before the industrial revolution. C) individuals behave irrationally when they behave non-cooperatively. D) cooperative behavior leads to lower payoffs than non-cooperative behavior.
Economics
Because of easy entry, monopolistically competitive firms will
a. produce at the lowest average total cost b. charge a price equal to marginal cost c. earn no economic profit in the long run d. take advantage of all economies of scale e. earn no economic profit in the short run
Economics