When a firm sells an asset for ____, it realizes a capital gain and must pay income taxes on it.

A) book value
B) less than book value
C) more than book value
D) any amount

Suppose your firm has a U-shaped average variable cost curve and operates in a perfectly competitive market. If you produce where the product price (marginal revenue) equals average variable cost (on the upward sloping portion of the AVC curve) , then your output will:

A) exceed the profit-maximizing level of output.
B) be smaller than the profit-maximizing level of output.
C) equal the profit-maximizing level of output.
D) generate zero economic profits.

Defence mechanisms concentrate on anxiety reduction rather than on actually confronting or dealing with the stressor.