Because an oligopoly includes a small number of firms, there is the possibility of ________ rather than ________, which can ________ profits for each of the firms.

The primary benefits of international trade include:

A. the more efficient use of world resources and higher living standards. B. greater stability of domestic output, employment, and the price level. C. diminished dependence on foreign supplies of goods and materials. D. greater economic security for our domestic producers.

A decrease in the rental rate of capital can lead to a long run increase or decrease in the number of firms in the industry.

Answer the following statement true (T) or false (F)