Public universities, by charging tuition ________ the marginal cost of education, ________ the number of students

Dumping is

A) international price discrimination. B) international monopolistic pricing. C) collusive behavior among producers in different countries. D) selling goods produced with government approval.

For a typical firm, the long-run average total cost curve:

a. is tangent to the minimum point of each possible short-run average total cost curves. b. is tangent to each possible short-run average total cost curve at one point. c. intersects each possible short-run average total cost curve at two points. d. passes through the minimum points of all possible short-run average total cost curves.