The In the News article titled "Great Recession Officially Ended Last Year" came out over a year after the recession was statistically declared over. Which of the following obstacles does this article address?

Trade diversion reduces worldwide efficiency, because:

a. production is diverted to the country with comparative advantage. b. production is diverted away from the country with comparative advantage. c. unnecessary trade restrictions are created in the economies. d. consumption is diverted to the country having inadequate demand. e. the cost of transhipment of the goods increases thus raising their prices in the world market.

In competing with rivals, monopolistic firms will tend to use:

A. Price cuts because they do not add to costs like advertising B. Advertising because it is less easily duplicated than price cuts C. Collusion because it is a legal way to increase market share D. Price wars because they will increase the profits of firms