Refer to the data. If the firm closed down in the short run and produced zero units of output, its total cost would be:

In the Romer model, as more labor is devoted to research and development there is ________

A) an immediate increase in output per capita and a permanent increase in output per capita B) an immediate decrease in output per capita and a permanent increase in output per capita C) an immediate increase in output per capita and a permanent decrease in output per capita D) an immediate decrease in output per capita and a permanent decrease in output per capita

Under what circumstances do firms in a balanced oligopoly arrive at a Nash equilibrium outcome?