Refer to the following table which gives the demand and cost data for a price-setting firm:

If minimum average cost is the same over a large range of output,

a. the market will evolve into a natural monopoly b. minimum efficient scale is large as well c. only a few large firms will survive in the long run d. smaller firms have a cost advantage over larger firms e. firms of varying sizes can coexist

Keynes asserted that wealth was the most important determinant of consumer spending.

Answer the following statement true (T) or false (F)