Refer to Figure 11.5. A decrease in exports is best illustrated by diagram

Indian exporters are concerned about trade diversion because _________ made an agreement with the ASEAN free-trade area.

a. India b. China c. the United States d. Mexico

Zero economic profits would most likely exist in which market environment?

A) Pure monopoly B) Oligopoly C) Perfect competition D) Any market structure riddled with uncertainty E) None of the above.