We often choose the school we attend on the basis of how popular it seems to be. Such behavior is an example of ________

Trade will be beneficial for a nation with a comparative advantage in producing a certain product

Indicate whether the statement is true or false

Firms in an oligopoly market can potentially earn economic profits. a. In the short run, but not the long run

b. In the long run, but not the short run. c. In both the short run and long run d. In neither the short run nor the long run