Suppose that Jack promises that if Jill chooses the high price, he will too. Jack has an incentive to cheat on the agreement.

If your supplier becomes more profitable

a. you become more profitable by acquiring it b. you become less profitable by acquiring it c. acquiring it will make you more profitable if there are no synergies to exploit d. unless there are no synergies to exploit through acquisition, acquiring it will not make you more profitable

If a firm that has total revenue of $5 million shuts down, we may conclude that its variable costs are __________.

Fill in the blank(s) with the appropriate word(s).