Monopolistic competitors in long-run equilibrium will generally ...

[HudsonKB16]

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

[aliotak]

Answer to Question 1

False

Answer to Question 2

b

[HudsonKB16]

Thanks for the timely response, appreciate it

[atrochim]

Great answer, keep it coming