Samuelson is concerned that advances in communications technology will result in the

A firm should always shut down if its revenue is

A) declining. B) less than its average fixed costs. C) less than its total costs. D) less than its avoidable costs.

In a competitive separating equilibrium, low cost consumers of insurance will not fully insure because insurance rates offered to them are not actuarily fair.

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