An individual perfectly competitive firm's supply curve is its:

A firm that has relatively high fixed-cost expenditures is likely to be a natural monopoly

Indicate whether the statement is true or false

A depreciation of the U.S. dollar on the foreign exchange market will

a. make U.S. exports cheaper to foreigners. b. make imports less expensive for U.S. consumers. c. make U.S. exports more expensive for foreign consumers. d. probably cause the United States to run a capital account surplus in the long run.