If a business's total economic cost of producing 2,000 units of a product is $1,000,000 and this output is sold to consumers for $1,300,000, then the firm would earn an economic profit of:

Goods and services are exchanged in

a. product markets b. resource markets c. inventory markets d. classified markets e. government markets

Economists agree that large firms with big research budgets create most of the economy's technological progress

Indicate whether the statement is true or false