A market's equilibrium is the point at which the supply and demand curves intersect

Assume the market price is greater than average total cost at the perfectly competitive firm's profit-maximizing level of output

In this case, the firm is earning positive economic profits, which act as an incentive for new firms to enter the market. Indicate whether the statement is true or false

Industrial unions in the United States formed a national organization known as

a. the National Union b. the Knights of Labor c. the American Federation of Labor (AFL) d. the Congress of Industrial Organizations (CIO) e. the AFL-CIO