In long?run equilibrium for a monopolistically competitive firm, the firm's demand curve is ________ its average total cost curve.

One country has an absolute advantage over another country if it can produce a good using smaller quantities of resources

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

When a country's exports of goods are ________ its imports of goods in a given period, it has a trade surplus.

A. greater than B. unrelated to C. equal to D. less than