So long as the absolute value of the price elasticity of demand for a firm's output is greater than 0, the firm's optimal markup factor will be positive as well

If firms were teams then there would be a problem of

A) free-riding. B) spontaneous order. C) market-based management. D) internal externalities.

If sellers decide to sell more calculators by mass producing them and lowering the price so consumers will buy more, the supply and demand curves will both shift to the right

a. True b. False