If a price floor of $23 were placed on the market in the graph shown, which area represents the surplus that is transferred?

If a struggling perfectly competitive furniture store in Detroit shuts down, it incurs an economic loss equal to its

A) marginal cost. B) total fixed cost. C) total variable cost. D) average variable cost. E) average total cost.

Having a government agency certify bond rating agencies may not be desirable

Indicate whether the statement is true or false