Given the same unit costs, a monopolist will produce less output than a perfectly competitive firm

The opportunity cost of buying a good includes I. the price of the good. II. the value of time spent searching for the good

A) only I B) only II C) both I and II D) neither I nor II

The text refers to the Green Bay Packers as an example of a nonprofit corporation that is no less efficient than a profit-maximizing NFL team

Indicate whether the statement is true or false