If an economy invests more than it loses through depreciation ________

In the short run, if price falls below a firm's minimum average total cost, the firm should shut down

Indicate whether the statement is true or false

Under price leadership

a. the leader must be the dominant firm in the industry b. all firms follow price changes initiated by the leader c. price cuts are followed by other firms in the industry, but price increases are not d. price increases are followed by other firms in the industry, but price cuts are not e. price wars often occur as a result of tit-for-tat strategies