In the short run, a perfectly competitive firm can make a profit, a loss, or shut down

Refer to Figure 14-3. How will Rainbow Writer respond to Odeon's two possible offers?

A) Rainbow Writer will accept either offer. B) Rainbow Writer will reject either offer. C) Rainbow Writer will only accept an offer of $30 per copy of the software package. D) Rainbow Writer will only accept an offer of $40 per copy of the software package.

Effluent taxes are the most common approach used to control pollutants in the United States

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