12.Firm will tend to leave an industry when: A. Profits in the industry are high B. Demand for the industry’s product is decreasing C. Cost of the production in the industry are decreasing D. The price of industry’s product is rising.

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

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Which of the following has the largest impact on opportunity cost