The ____ takes on particular importance because it is a self-enforcing equilibrium. That is, once this equilibrium is established, neither firm has an incentive to move

Which of the following is NOT considered one of the factors of production?

A) land B) labor C) capital D) technology E) entrepreneurship

Which of the points show efficient production points?

A) all points above the TP curve B) all points on the TP curve C) all the darkened points below the TP curve D) all the points above and on the TP curve E) all the darkened points below and on the TP curve