Bank deposits denominated in Mexican pesos are an example of foreign exchange

All of the following are conditions which are favorable to the formation of cartels except

A) the existence of a small number of firms. B) geographic proximity of firms. C) homogeneity of the product. D) easy entry into the industry.

In the short run, a perfectly competitive ball bearing manufacturer will continue to produce at a loss if

a. it is covering all of its fixed cost b. it is covering all of its variable cost plus part of its fixed cost c. variable cost is less than fixed cost d. fixed cost is zero e. fixed cost is minimized