As new monopolistically competitive firms enter the market, the demand facing each firm __________, causing the price charged by each firm to __________. In the long run, each firm will earn a __________ profit.
a. falls; rise; positive
b. rises; fall; positive
c. falls; rise; normal
d. rises; fall; normal
e. falls; fall; normal
Question 2
Many eligible voters do not vote, and many who do vote don't read the biographies of candidates before they vote. These are examples of
a. the median-voter model
b. representative government
c. rational ignorance
d. stupidity
e. laziness
An Oil-dependent World— Supply and Demand Driven
Firms Incorporated into U.S. Steel
The growth in demand for energy use is met by burning fossil fuels
The growing demand for electrical power, carbon sequestration and storage must be a priority
Find the factor demand for labour and the amount of output it will produce. Show all ...
Find the factor demand for labour and the amount of output it will produce. Show all ...