Price discrimination is illegal in the United States

One reason for the rise in the natural rate of unemployment from 1960 to 1980 is

A) changes in the demographic composition of the work force. B) the decline in inflation. C) increased competition from foreign workers. D) the depreciation of the dollar relative to foreign currencies.

Which firm in an industry is likely to have higher profits?

a. Sellers with higher costs than their competitors b. Sellers with lower costs than their competitors c. Sellers with the same costs as their competitors d. All of the above