Currently, the national debt is approximately:

a. 10 percent of GDP.
b. 60 percent of GDP.
c. 80 percent of GDP.
d. 120 percent of GDP.

c

Economics

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Refer to the graph below. This pure competitive firm will not produce unless price is at least:



A. $2
B. $5
C. $7
D. $10

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Describe how if a price-fixing game is repeated over and over, the cooperative outcome might be attained.

What will be an ideal response?

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Economics