Technological change has played a major role in increasing ...

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Technological change has played a major role in increasing competition in recent years.
 a. True
  b. False

Question 2

With the total cost and total revenue curves, we measure economic profit by the __________ between the two curves. With the per-unit curves, we measure economic profit by a(n) __________.
 a. vertical distance, horizontal distance
  b. vertical distance, area
  c. area, area
  d. area, vertical distance
  e. horizontal distance, area

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Answer to Question 1

A

Answer to Question 2

B

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