Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $13, Marko's will produce

Whether an excise tax is imposed on a demander or supplier is irrelevant because

a. in either case the price that the demander has to pay will decrease; while the price the supplier receives will increase b. in either case the price that the demander has to pay will increase; while the price the supplier receives will decrease c. either situation will create excess demand d. either situation will create excess supply e. none of these are correct

The Department of Justice and the Federal Trade Commission use the HHI to determine whether to challenge mergers

a. True b. False