In the above figure, when the economy is in a long-run equilibrium, real GDP will be
A) 15.5 trillion.
B) 16.0 trillion.
C) 17.5 trillion.
D) 17.0 trillion.
Question 2
A duopoly is a form of
A) perfect competition.
B) monopolistic competition.
C) oligopoly.
D) monopoly.