When only a specified amount of a good can be imported into a country during a year, that good is subject to a(n)

In 2007 and 2008, the prices of both corn and soybeans increased sharply because

A. corn and soybeans are "alternative outputs." B. unprecedented expansion in all federal government price support programs. C. of an unseasonably warm spring in the "grain belt" states of Indiana, Illinois, and Iowa.  D. all agricultural grain prices always rise and fall together.

So long as a monopolist finds itself in the situation where price is greater than average fixed cost at the profit-maximizing (loss-minimizing) level of output, the firm should continue to operate to minimize its losses

Indicate whether the statement is true or false