If many firms enter the computer software industry and consequently bid up the price of programmers, then:

a. the average fixed cost curve will slope upward.
b. the long-run industry supply curve will slope upward.
c. the long-run industry supply curve will slope downward.
d. there will be a downward shift of the SRATC curve.

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.

If a society decides to produce consumer goods from its available resources, it is answering the economic question

How does a business determine the markup on a product or service? by matching the closest competitor by checking online prices by calculating the profit that will keep the business going by considering how much the product is worth to the consumer