Under both perfect competition and monopoly, a firm:
A. is a price taker.
B. is a price maker.
C. will shut down in the short-run if price falls short of average total cost.
D. sets marginal cost equal to marginal revenue.
Answer: D
Economics
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While the discount rate is "established" by the regional Federal Reserve Banks, in truth, the rate is determined by
A) Congress. B) the president of the United States. C) the Senate. D) the Board of Governors.
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