Personal income will equal disposable income when:

When there is a tendency for a particular product to fall out favor with additional consumers because other consumers have chosen not to purchase the product

A) negative market feedback occurs. B) positive market feedback occurs. C) the tit-for-tat strategy will begin. D) the network effect will increase.

A monopolistically competitive firm, like a perfectly competitive firm, is a price taker

a. True b. False Indicate whether the statement is true or false