Exhibit 10-3 A monopolistic competitive firm in the long run
As presented in Exhibit 10-3, the long-run profit-maximizing output for the monopolistic competitive firm is:

The Laffer curve is a relationship based on the presumption of an indirect relationship between government tax rates and gross domestic product (GDP)

Indicate whether the statement is true or false

Which potentially anti-competitive business practice is often justified on the grounds that it corrects for the free rider problem?