Author Question: Monopolistic competitors in long-run equilibrium will generally find that they are earning economic ... (Read 62 times)

HudsonKB16 · **on:** Jun 30, 2018

Monopolistic competitors in long-run equilibrium will generally find that they are earning economic profits.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Under the _____ arrangement, the exchange rate is adjusted periodically by small amounts at a fixed, pre-announced rate or in response to certain indicators.
a. currency board
b. crawling peg
c. reserve currency
d. conventional fixed peg
e. independent float