Which of the following statements about equality in Java lists are true (select all correct answer(s) and no incorrect answer(s) to get credit):

TC/q is

Luxury items tend to have ________ demand, and necessities tend to have ________ demand.

The Wax Shop sells 400 candles at a price of $10 per candle. The Wax Shop’s total costs for producing 400 candles are $500. The Wax Shop’s economic profit is

When increasing size leads to higher per unit costs, we say there are

When a cartel is successful,

Barriers to entry take the form of

The most famous cartel is

When there are fewer substitutes for a product, the ________ for the product is ________.

Price and total revenue are directly related when demand is