When a dinner in Bulgaria costs 150 Bulgarian levas, it will cost a U.S. resident ________ dollars, if the exchange rate is 1.5 Bulgarian levas to the dollar

In the long run, firms in monopolistic competition have excess capacity

Indicate whether the statement is true or false

When a lack of information exists for parties to a deal:

A. it is always worth getting more information before making a decision. B. an exchange will never happen. C. the cost of acquiring information sometimes is prohibitive and not worth it. D. the exchange will always happen anyway, with little chance of maximizing surplus.