Adverse selection can only occur when there is asymmetric information?.

The main effect of a decrease in the stock of capital is a(n):

a. rightward shift of the short-run aggregate supply curve. b. rightward shift of the aggregate demand curve c. leftward shift of the long-run aggregate supply curve. d. leftward shift of the aggregate demand curve. e. increase in the price and output levels.

If a firm faces a price of $12 regardless of how many units it produces and the marginal cost is constant at $10 regardless of how many units it produces, then theoretically, the firm should never stop producing

Indicate whether the statement is true or false