Which of the following is not true of monopolistic competition?

i. in the long run the demand curve will shift to the left until price equals average total cost and economics profit increases.
ii. in the long run it does not operate at minimum average cost.
iii. there are large number of buyers and sellers, it is a price maker, and there are low barriers of entry.

In at least two paragraphs, discuss the differences between the principles of republicanism and democracy. explain whether you think the united states is more of a republic or a democracy. refer to at least one example from the constitution. (10 points)

What will most likely happen if tony continues to make late payments? check all that apply. the bank might take his car. the bank will charge late fees. his credit history might be damaged. he might be charged a down payment. he might have to add an asset to the loan.

Which of the following correctly describes a repurchase agreement? the sale of a security with a commitment to repurchase the same security at a specified future date and a designated price. the sale of a security with a commitment to repurchase the same security at a future date left unspecified, at a designated price. the purchase of a security with a commitment to purchase more of the same security at a specified future date.