In the above table, if the marginal revenue product is $18, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?

If a monopolistically competitive firm has excess capacity

A) it is experiencing diseconomies of scale. B) it produces a level of output that places it on the negatively sloped portion of its average total cost curve. C) it is producing beyond the minimum efficient scale. D) it has exhausted all economies of scale.

U.S. corporations are not motivated to protect the interests of small shareholders

a. True b. False