If a firm uses introductory pricing, it is likely ________ short run profit and ________ long run profit

A) minimizing; maximizing
B) maximizing; maximizing
C) maximizing; reducing
D) reducing; maximizing

D

Economics

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When compared to perfect competition, in a monopsony

A. there is deadweight loss. B. there is no deadweight loss. C. consumer surplus decreases. D. the price is lower and the quantity is higher.

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An increase in the marginal product of capital shifts the

A) supply of capital curve rightward. B) supply of capital curve leftward. C) demand for capital curve rightward. D) demand for capital curve leftward.

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