In a constant-cost industry, the long-run market supply curve is

The opportunity cost of going to movies is the price of entry into the movies

a. True b. False Indicate whether the statement is true or false

A person has a comparative advantage in producing a good if that person:

a. can produce the good at a lower absolute cost than anyone else. b. can produce the good at a lower opportunity cost than anyone else. c. can do a better job than anyone else. d. spends more money in out-of-pocket expenses than anyone else. e. can produce the good at a higher opportunity cost than anyone else.