In the long run in perfectly competitive markets, individual firms will operate at very different output levels
a. True.
b. False.
B
Economics
You might also like to view...
Profits will be maximized when the slope of the total revenue curve and the slope of the total cost curve are equal.
Answer the following statement true (T) or false (F)
Economics
Discouraged workers are included in the
a. labor force category. b. unemployed category. c. not in the labor force category. d. employed category.
Economics
In order for a firm to maximize profits through price discrimination, the firm must have some market power and be able to prevent arbitrage
a. True b. False Indicate whether the statement is true or false
Economics
In the table above, what is the average product of four units of labor?
A. 100 B. 350 C. 60 D. 80 E. 20
Economics