The cost of producing a tube of tooth paste is $0.05. If the market for tooth paste is monopolistically competitive, a manufacturer who charges $0.05 for each bottle will ________
A) shut down production in the short run
B) exit the industry in the long run
C) incur a loss in the short run
D) earn zero economic profits in the short run
D
Economics
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One reason that supports nations having separate currency suggests that there are welfare gains from
A) currency competition. B) seignorage. C) capital mobility. D) debt reduction.
Economics
In the BOP, travel and tourism are included in
A) unilateral transfers. B) the capital account. C) the merchandise account. D) the services account.
Economics