In the short run, if average product is at its maximum, then average variable cost is at its minimum

If the production of soybeans is subsidized by the government,

A) the demand for soybeans will increase. B) the farmer's cost of producing soybeans will decrease. C) the supply of soybeans will decrease. D) all of the above will occur. E) none of the above will occur.

Recall the Application about the wireless phone service provided by thousands of entrepreneurial women in Pakistan to answer the following question(s).Recall the Application. What makes the wireless telephone market in the United States not perfectly competitive?

A. There are many buyers and many sellers in the United States B. It is very expensive to enter the market in the United States. C. Wireless phone calls are a standardized product. D. All of these are correct.