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Author Question: In perfect competition, firms enter the market whenever the market price exceeds the minimum average ... (Read 119 times)

deesands

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on: Jun 29, 2018
In perfect competition, firms enter the market whenever the market price exceeds the minimum average variable cost.
 
  Indicate whether the statement is true or false

Question 2

In the above figure, if the market is competitive and unregulated, output will be
 
  A) zero.
  B) 50 units per week.
  C) 150 units per week.
  D) 250 units per week.


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batool

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


deesands

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Reply #2 on: Jun 29, 2018
Correct answers!


batool

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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