If the eyeglass industry is monopolistically competitive, then in the long-run:
a. the price of eyeglasses will equal marginal revenue.
b. the price of eyeglasses will exceed marginal cost.
c. firms can earn economic profits

The purchase by a foreign government of an airplane produced in the United States is included in U.S

A) consumption expenditures. B) investment expenditures. C) government purchases. D) net exports.

Antidumping duties increase overall economic well-being in a country by protecting the domestic import-competing firms.

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