In the above table, the average variable cost of producing 14 units of output is

The per capita output of an economy is likely to increase if: a. the number of workers in the economy grows faster than its population

b. the population of the country grows faster than its labor force. c. the government increases the tax rates. d. the government controls the number of illegal immigrant workers in the economy. e. the government manages the foreign investment in the economy.

Price leadership works only if there is a single, dominant firm in the oligopoly

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