An industry consists of all firms that supply output to a particular market

In the figure above, if the exchange rate is equal to 2 Canadian dollars per U.S. dollar, there is a ________ of ________currency and the exchange rate will________

A) surplus; domestic; fall B) surplus; foreign; fall C) surplus; domestic; rise D) shortage; domestic; fall

A natural monopoly market is characterized diseconomies of scale over the entire range of output.

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