Macroeconomics is the study of individual economic markets

Indicate whether the statement is true or false

FALSE

Economics

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If a purely competitive constant-cost industry is realizing economic profits, we can expect industry supply to:

A. increase, output to increase, price to decrease, and profits to decrease. B. increase, output to increase, price to increase, and profits to decrease. C. decrease, output to decrease, price to increase, and profits to increase. D. increase, output to decrease, price to decrease, and profits to decrease.

Economics

Refer to the saving schedule above. The break-even income would be level:



A.  0
B.  1
C.  2
D.  3

Economics