Refer to the figure above. What is the surplus enjoyed by the firm when it is the sole supplier of the medicine?
A) 30
B) 60
C) 90
D) 180
Question 2
Which of the following statements is true?
A) In a competitive market, the invisible hand encourages the movement of resources from more productive uses to less productive uses.
B) In a competitive market, firms in the long run tend to earn positive economic profits.
C) Competitive equilibrium provides incentives for entrepreneurs to shift their resources from unprofitable industries to profitable ones.
D) At the competitive equilibrium, production occurs at the point of maximum average total cost.
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th
The meninges. This figure illustrates the location and structure of each layer of the meninges and t
The distribution of cones and rods over the human retina. The figure illustrates the number of cones ...
Greet a First-Time Client With a Firm Handshake.
US federal budget deficit/surplus and debt