Employing the TIT for TAT strategy in a repeated prisoners' dilemma game means _____

The double taxation of corporate profit in the United States refers to the fact that

A) tax rates on partnerships are very high. B) depreciation is not a deductible expense. C) corporate profit is first taxed and then any dividends paid are subject to personal income tax. D) proprietorships are not subject to any tax on earnings.

If the price of a good is below the shutdown point, a perfectly competitive firm earns zero profits

a. True b. False Indicate whether the statement is true or false