If investment is zero, the capital stock
a. continues to flow.
b. falls to zero.
c. remains constant.
d. grows steadily.
c
Economics
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The long-run equilibrium of a monopolistically competitive firm is characterized by
A) a tangency of the average total cost curve with the firm's demand curve. B) price equal to marginal cost. C) production at the minimum point of the firm's average total cost curve. D) production at the minimum point of the firm's average variable cost curve.
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Who hires the managers of a corporation?
A) the board of directors B) stockholders C) managers D) employees
Economics