Auto insurance rates are lower for young women relative to young men. An unusually reckless young woman driver benefits from this

Refer to Scenario 18.1. What should the fishermen do if they know the factory will maximize profits and no negotiation is possible?

A) Install a treatment plant. B) Do not install a treatment plant. C) It makes no difference if the fishermen do or do not install a treatment plant. D) Install a filter. E) Exit the industry.

A firm's economic profit includes all opportunity costs incurred by the firm

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