If the market supply curve and market demand curve for a good intersect at 600,000 units and there are 10,000 identical firms in the market, then each firm is producing

Which of the following can be a barrier to entry?

i. ownership of a necessary input ii. requiring a government license iii. large diseconomies of scale A) i only B) ii only C) i and iii D) i and ii E) i, ii, and iii

A depreciation of the currency can switch spending away from foreign goods and reduce the effect of rising incomes on the current account

Indicate whether the statement is true or false