_____ includes products that can be transported over telephone and computer networks at ever-lower costs

When it comes to pollution problems, the polluter and the victim can bargain to arrive at the outcome desired by the benevolent social planner

Indicate whether the statement is true or false

Acme Steel Co produces 1000 tons of steel. Steel sells for $30 per ton. Acme pays wages of $10,000. Acme buys $15,000 worth of coal, which is needed to produce the steel. Acme pays $2,000 in taxes. Acme's profit is

A) $0. B) $2,000. C) $3,000. D) $15,000.