Refer to Figure 8.1. At the profit-maximizing level of output, AVC is

If the union leader has already sent strikers to the picket line before entering negotiations, the union has

a. Eliminated half of the strategies of the game b. Forced the firm to choose the best response in the union's best interest c. Made it in the firm's best interest to accommodate their requests d. All of the above

The U.S. dollar is a good example of fiat money

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