Under current U.S. tax laws, individuals do not pay taxes on health insurance benefits they receive from their employers

If a country has a comparative advantage in producing a product, it must also have an absolute advantage in producing that product

Indicate whether the statement is true or false

Which of the following is true in long-run equilibrium for a firm in monopolistic competition?

A) MC = ATC. B) MC > ATC. C) MC < ATC. D) Any of the above may be true.