Refer to the table below. When the firm hires four units of labor, the average product of labor is:

As the number of firms in an oligopolistic market increases, ________

A) prices tend to decline toward marginal cost B) prices tend to rise above marginal cost C) the market demand for the good tends to fall D) profits earned by firms tend to rise

A recession begins with a(n) ________ in spending by firms on capital goods and a(n) ________ in spending on durable goods by households

A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease