In ________ industries, a single firm has some control over the price of its output.

The difference between the gross public debt and the net public debt is

A) the sum of all previously accumulated government budget deficits and surpluses. B) the sum of all previously issued U.S. government securities that have been purchased by foreign residents. C) all private-sector borrowing from private sources. D) all government interagency borrowing.

Figure 7-5   Which of the curves in Figure 7-5 could be a firm’s average fixed cost curve?

A. (a) B. (b) C. (c) D. (d)