A firm that minimizes average cost will not survive in the long run
a. True
b. False
B
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If the HHI for an industry equals 3,200,
A) firms in the industry are most likely to make zero economic profit B) the industry is probably an oligopoly C) firms in the industry are likely to act independently of each other D) firms in the industry must enter a cartel in order to earn an economic profit E) the industry is almost surely monopolistic competition
Which of the following will cause the investment function to shift upward?
a. A decrease in government subsidies to businesses b. An increase in business profits c. A decline in capacity utilization d. Expectations of higher business taxes e. An increase in the market rate of interest
Public debt promotes overconsumption if
a. foreigners hold the debt b. people fail to regard bonds as their personal assets c. people view the government's liabilities as their own d. the Federal Reserve buys bonds e. people regard their bond holdings as part of their savings
A monopolistic competitor, like a(n) ____________, faces a downward-sloping demand curve.
a. monopolist b. perfect competitor c. oligarch d. new entrant