Which of the following best describes the efficiency results in oligopoly?

If price is greater than the average variable cost, a profit-maximizing firm should:

A) contract production until price is equal to marginal cost. B) expand production until price is equal to marginal cost. C) contract production until total revenue is equal to total cost. D) expand production until total revenue is equal to total cost.

Real money supply expresses the money supply in terms of real goods and services

Indicate whether the statement is true or false