The "monopoly" in monopolistically competitive markets is most likely a result of firms having some pricing power due to product differentiation

Audit studies suggest that there may be stark differences in the opportunities available to minorities and women, yet regression analyses suggest that people of every color and gender earn what they can expect to earn, given their characteristics

Indicate whether the statement is true or false

Which of the following best characterizes the profit of a buyer of a futures contract?

A) spot price at settlement minus futures price at purchase B) futures price at settlement minus spot price at purchase C) futures price at purchase minus spot price at settlement D) spot price at purchase minus futures price at settlement