The above figure shows the cost curves for a typical firm in a competitive market. If price = 8.5, then

Large differences in interest rates between countries would indicate that

A) the global market is thriving. B) there is good communication between countries about potential global investment opportunities. C) there are unrealized gains from trade. D) the market is in danger of collapse. E) the supply growth exceeds the aggregate demand.

Since a monopoly can set any price it wants, it always makes a profit

Indicate whether the statement is true or false