Refer to the diagram. The general agreement of most economists is that the U.S. economy today is:
A. at b.
B. at some level below b.
C. at some level above b.
D. at d.
B. at some level below b.
Economics
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Firms in monopolistic competition always will
A) make an economic profit. B) set their price equal to their marginal cost. C) set their price above their marginal cost. D) produce at the minimum average total cost.
Economics
One of the most famous cartels is OPEC.
Answer the following statement true (T) or false (F)
Economics