Monopolistically competitive firms could reduce the average total cost of producing by increasing output; therefore, these firms have

A corrective subsidy induces the ________ to the socially optimal level

A) consumers of a negative externality to increase the quantity consumed B) producers of a negative externality to increase the quantity produced C) consumers of a positive externality to increase the quantity consumed D) producers of a positive externality to reduce the quantity produced

The Bureau of Labor Statistics' U-1 measure of joblessness includes only very long-term unemployed

a. True b. False Indicate whether the statement is true or false