To qualify for a small business loan, one must have up to _________ of the required capital to put into the business.

The economic analysis of monopolistic competition shows that market forces eliminate profits in the long run. However, it is possible for a firm to continue to earn economic profits if the firm

A) adopts new technologies that enable it to lower its cost of production. B) expands its marketing budget. C) reduces its price to expand its market. D) expands its product offerings to appeal to a wider range of consumers.

If you advertise and your rival advertises, you each will earn $5 million in profits. If neither of you advertises, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $15 million and the non-advertising firm will earn $1 million. Suppose this game is repeated for a finite number of times, but the players do not know the exact date at which the game will end. The players can earn collusive profits as a Nash equilibrium to the repeated play of the game if the probability the game terminates in any period is:

A. 1. B. close to zero. C. greater than 1. D. None of the answers is correct.