A monopolistic competitor does not earn profits in the long run unless it can successfully differentiate its product in the minds of its consumers

Horizontal mergers are pretty rare in the United States due to antitrust laws

Indicate whether the statement is true or false

Physical capital is distinguished from human capital because

A. human capital refers only to day laborers. B. physical capital refers to trained people. C. physical capital refers to equipment and machinery, whereas human capital refers to trained people. D. physical capital refers to trained people, whereas human capital refers to equipment and machinery.