The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. When Omar produces 2 bushels of rutabagas, his total profit equals

Market failure or inefficient consumption will take place in the market structures EXCEPT for

A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.

It is inappropriate and ultimately foolish to respond to the disruptions of international trade by trying to restrict trade through __________ decisions.

a. policy b. political c. consumer d. business