A perfectly competitive firm cannot make economic profits in the long run because:
a. it is a price taker.
b. there are no barriers to entry into the industry.
c. it faces a perfectly elastic demand curve.
d. its advertising costs will rise to eliminate any economic profits.
Question 2
Bankers supported the Federal Reserve Board's Regulation Q because:
a. it allowed them to charge lower interest rates on loans.
b. it protected them from money market volatilities.
c. it increased the demand for loanable funds in the market.
d. it allowed them to borrow at a low rate of interest and lend out at a high rate of interest.
Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr
Levels of Processing Affects Long-Term but not Short-Term Memory
A long, narrow cobbled street in Old San Juan.
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
economic question
economic question