A computer hardware manufacturer in the U.S. decides to establish a manufacturing plant in China. This decision is justified since it will help: a) the dollar gain against the Chinese yuan b) the U.S. firm avoid potential import barriers in China c) the U.S. manufacturer avoid export taxes in the U.S d) American workers find jobs in China. B) Which of the following is a factor behind the formation of international joint ventures? a) The costs of R&D are too high for any one company to absorb. b) Nations usually lower their tariff rates while importing products from joint venture companies c) The target market is too large for any one firm to supply C) A joint venture company can practice monopoly only if: a) the average variable cost of production of the joint venture company is higher than that of all the individual firms b) the marginal cost curve of the joint venture is equal to the horizontal summation of the marginal cost curves of the individual firms c) the demand curve that the joint venture company faces is perfectly elastic d) at least one of the firms in the joint venture has lower fixed costs of production than the rest