If the cost of fertilizer rises, then the price of corn will:

When a firm has an accounting profit that is negative, it

A) will never produce output, even in the short run. B) may still have economic profit. C) has total revenue that is less than total cost. D) cannot be producing where price equals marginal cost.

Externalities are direct benefits or costs accruing to individuals or groups of individuals who were not participants in the activity.

Answer the following statement true (T) or false (F)