Objects that have value because the holder can exchange them for something else of value:

If economies of scale are relatively unimportant in an industry, the typical firm's long-run average total cost curve will reach a minimum at a level of output that is a ________ fraction of total industry sales. The industry will be ________

A) large; competitive B) small; an oligopoly C) large; an oligopoly D) small; competitive

Use the U.S. current account balance and international investment position to explain the relationship between the current account balance and the international investment position

What will be an ideal response?