Inflation doves lean in the direction of milder recessions and are more willing to tolerate higher inflation

Under the list policies of England, primary production was encouraged while production in manufacturing was discouraged in colonial America

Indicate whether the statement is true or false

If a firm is operating at an output level where losses are minimized, the firm

A) has no incentive to stay in the industry. B) is better off exiting the industry. C) is maximizing profits. D) will shut down.