Improvements in technology will shift the production possibilities curve outward.

Perhaps it's not a problem at all, but if "too much choice" is a problem for consumers, it would occur in which market structure(s)?

a. perfect competition b. monopoly c. monopolistic competition d. perfect competition and monopoly e. not enough information

A firm earns a profit of exactly zero at its optimal output level only if

a. P = MR. b. P = MC. c. P = AC. d. P = SR AVC.