In the above figure, what is the amount of the tax per compact disc?

Answer the following statements true (T) or false (F)

1. The short-run supply curve of a purely competitive industry tends to be steeper than the long-run supply curve. 2. The long-run supply curve for a competitive, decreasing-cost industry is downward-sloping. 3. The reason why the long-run supply curve for a purely competitive industry may be upward-sloping is because of diminishing marginal returns. 4. An upward-sloping long-run supply curve indicates a constant-cost industry. 5. Productive efficiency refers to a condition where marginal cost is equal to marginal revenue in the long run.

The largest category of the unemployed are

A. reentrants. B. job losers. C. new entrants. D. job leavers.