A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)

In an oligopoly industry, price:

a. will be lower than the competitive price, due to cost savings. b. will exceed the monopoly price, due to the destructiveness of competitive forces. c. cannot be predicted exactly, because it is likely to lie between the competitive and monopoly prices. d. none of these.

Balance of payments refers to the balance between the imports and exports of goods and services during the same time period

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