Latin American economies have become relatively more closed to international trade since 1985

The price and wage freeze imposed by President Nixon were totally successful in eliminating inflationary pressures in the United States

Indicate whether the statement is true or false

For a perfectly competitive firm, the short-run break-even point occurs at the level of output where

A) P > MR = MC. B) MR = P > MC. C) MR < P = MC. D) P = MC = ATC.