Who benefit(s) from protectionism?
a. Consumers
b. Domestic producers
c. No one
d. Both consumers and domestic producers.
b
Economics
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Which of the following is likely to have the most price inelastic demand?
a. tablet computers b. leather boots c. lightbulbs d. optional textbooks
Economics
For a perfectly competitive firm, average revenue is equal to
A) marginal cost. B) the market price. C) total revenue. D) average fixed cost.
Economics