Refer to Table 2-11. What is China's opportunity cost of producing one pound of wheat?

Tobacco companies did not resist the advertising ban instituted in 1970 because they actually increased profits by not being allowed to advertise

This ban forced these companies to abandon their dominant strategy of advertising and wind up at a cooperative outcome of not advertising. Prior to the ban, the tobacco companies were involved in playing A) a pure coordination game. B) a prisoner's dilemma game. C) an assurance game. D) a battle of the sexes game.

Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who owns a video rental business, would be better off leaving the industry for another alternative

Indicate whether the statement is true or false