The movement of goods and resources within a corporation is done on the basis of

If the technology associated with producing fiber-optic cable continues to advance, over time the cost of producing fiber-optic cable will

A) decrease, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market. B) decrease, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry. C) increase, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market. D) increase, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry. E) decrease, firms that do not use the new technology will make an economic profit, and in the long run new firms will enter the market.

Monopolies and oligopolies are similar in that both owe their existence to government intervention in the marketplace

Indicate whether the statement is true or false