________ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business

Refer to the graph shown for a small country that is a price taker internationally.Assume the foreign supply of this product is perfectly elastic at a price of $4 per unit. Starting from a free trade equilibrium, an import quota of 2,500 would cause domestic consumption to:

A. decrease from 7,400 to 6,100. B. increase from 6,100 to 7,400. C. increase from 2,400 to 3,600. D. decrease from 4,800 to 3,600.

The core-theory relied upon most to answer questions with regard to unfunded liabilities is

A. externalities. B. present value. C. consumer and producer surplus. D. elasticity.