The above figure shows a motel engaged in monopolistic competition with other motels. The equilibrium price at this motel is ________ per room

At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $40 to play, would an individual gain or lose from playing the game

a. Gain b. Lose c. Breakeven-neither gain nor lose d. None of the above

Which phase of the business cycle follows a recession?

A. recovery B. recession C. peak D. trough