A frim wishing to acquire a monopoly position would be willing to spend an amount up to its anticipated monopoly profit in rent-seeking activities

Researchers have found a hybrid of corn that is cheaper to grow. This technological breakthrough

A) increases the demand for corn. B) decreases the supply of corn. C) increases the supply of corn. D) Both answers A and C are correct. E) Both answers A and B are correct.

The foreign exchange market is

A) a market in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand. B) the increase in the exchange value of one nation's currency in terms of an other nation. C) a market in which households, firms, and governments buy and sell national currencies. D) the decrease in the exchange value of one nation's currency in terms of another nation.