In the long run, the economic profit of a firm in a perfectly ...

[Alainaaa8]

In the long run, the economic profit of a firm in a perfectly competitive market
 
  A) will be above zero.
  B) will be below zero.
  C) will equal zero.
  D) can be above, below, or equal to zero.

Question 2

If the Fed sells securities to commercial banks, there is no money multiplier effect.
 
  Indicate whether the statement is true or false

[moormoney]

Answer to Question 1

C

Answer to Question 2

FALSE

[Alainaaa8]

Thanks for the timely response, appreciate it

[ktidd]

Gracias!