According to the benefits-received principle, those who receive the benefits from a government program should pay the taxes that support the program

For lock-in to be an effective competitive strategy, a firm must successfully raid the customer base of competing firms on a regular basis

Indicate whether the statement is true or false

Refer to the graph below. It shows the cost curves for a competitive firm. If the market price falls to $0.55, the optimal output rate is:

A. 0
B. 15
C. 20
D. More than 20, but less than 35