Refer to Figure 12-16. Which panel best represents the perfectly competitive organic produce market's transition to the long run when some firms in the market are earning economic profits?

If the Japanese government enters the foreign exchange market and sells yen to maintain a specific exchange rate with the dollar, the dollar will ________ and the yen will ________

A) depreciate; depreciate B) depreciate; appreciate C) appreciate; depreciate D) appreciate; appreciate

Monopolistic competition and monopoly are examples of a market structure called imperfect competition

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