In the long-run some firms will exit the market if the price of the good offered for sale is less than?
Correct answer C. average total cost
Tip: press A, B, C or D to answer, and N for the next question.
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More Costs , Supply And Perfect Competition questions
See allIf an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be?
Correct answer C. upward sloping
in long-run equilibrium in a competitive market, firms are operating at?
Correct answer B. all of these answers are correct
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Which of the following is not one of the four Ps in marketing?
Correct answer A. Product
In monopolistic competition of firms are making abnormal profit other firms will enter and?
Correct answer A. The marginal cost will shift outwards
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