The defining characteristics that separate monopolistic competition from perfect competition in their long run states is that firms in monopolistic competition:. a. Face a horizontal demand curve and do not operate at the minimum point of the average total cost curve
b. Face a downward sloping demand curve and do not operate at the minimum point of the average variable cost curve
c. Face a downward sloping demand curve and operate at the minimum point of the average total cost curve
d. Face a downward sloping demand curve and do not operate at the minimum point of the average total cost curve

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million