Under perfect competition, the average revenue curve of the firm coincides with its average cost curve

Financial Innovation More and more of the back office tasks for commodity traders and market makers can be easily automated which lowers the costs of making transactions. What is the effect of these technical changes on the bid-ask spreads between commodity buyers and sellers at commodity exchanges?

During the crises of the 1990s, restructuring of bank debt was difficult as the number of debtor and creditor countries was significantly large.

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