Proponents of free trade suggest that all of the following, except one, are benefits of free trade. Which is the exception?

Select one:

a.Free trade leads to greater self-sufficiency.

b.Free trade leads to a greater variety of products.

c.Free trade increases competition.

d.Free trade leads to lower prices.

e.Free trade leads to higher incomes.

If a profit-maximizing firm finds that, at its current level of production, MR < MC, it will:

Select one:

a.shut down.

b.operate at a loss.

c.decrease output.

d.increase output