___________ occurs in the sender's and receiver's minds

What is the main potential benefit of water markets?

a. More water is available for ecological uses b. Water is used for its most highly-valued purposes c. Underground aquifers can become replenished d. More water is available for lower-income households e. Water use is managed by a centralized agency

The above figure shows a firm in monopolistic competition. At the profit maximizing level of output

A) the firm is making a positive economic profit. B) the firm incurs an economic loss. C) the firm is making zero economic profit. D) this firm would choose to shut down in the short run.