When a textile company keeps track of its inventory using a computer and its competitor uses a pad of paper and a pencil, they are both answering the ________ part of one of the two big economic questions

The field of industrial organization addresses how the number of firms affects prices in a market and the efficiency of the market outcome

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

The most a monopolist can sell at any given price is:

A. the amount he alone can supply the market with. B. the amount demanders are willing to buy at that price. C. constrained by the availability of inputs. D. less than if it were a perfectly competitive market.