By comparing the marginal revenue and marginal cost from each unit produced, a firm in a competitive market can determine the profit-maximizing level of production

SW's average one-way fare in the second quarter this year was $____, up from $88 in the second quarter of 2004.

Fill in the blank(s) with the appropriate word(s).

An export subsidy helps reduce the selling price of a product by allowing individual producers to charge less and still cover all of their production costs

a. True b. False Indicate whether the statement is true or false