Agricultural input supply firms often face horizontal demand curves.

True

False

If total cost equals cost of manufacturing the input, then the average total cost equals totalcost of manufacturing the input divided by the number of units sold.

True

False

A profit-maximizing input supply firm in a perfectly competitive market will have small market share.

True

False

A cooperative may pursue several objectives simultaneously.

True

False

A person may not be the residual claimant (owner) but can still have the residual control.

True

False