Claude creates and signs a promissory note. he promises to pay audrey 1,000 euros plus $500-worth of custom-made shirts on october 15, in exchange for audrey's in renovating his kitchen. the note is

Double corporation acquired all of the common stock of simple company for

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

What is the difference between the contractual interest rate and the market interest rate?