In a Bertrand model, market power is a function of

A) marginal cost.
B) the number of firms.
C) price elasticity of supply.
D) product differentiation.

D

Economics

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Seasonal adjustment

A) should never be used. B) is rarely used. C) is a common characteristic of macroeconomic time series in wide use. D) is not used by modern macroeconomists.

Economics

Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted

A. no more often than once per month. B. within a one-hour period during each day. C. once a year. D. no more often than once per week.

Economics