When Mexico suffered from capital flight in 1994, Mexico's net exports

Consider a competitive industry in which a "green" company uses a cleaner but costlier production method than is used by other firms. In the long run, the "green" company will:

a. earn more profit than will the typical firm in the industry. b. drive its competitors out of business. c. have economic losses and exit the industry. d. charge a higher-than-average price for its product.

If a monopolist lowers its price

A. the quantity demanded decreases. B. the quantity demanded increases. C. the quantity demanded remains the same. D. the quantity demanded becomes zero.