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Author Question: In the short run, a perfectly competitive firm might A) set its price above marginal cost. B) ... (Read 38 times)

SGallaher96

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on: Jun 29, 2018
In the short run, a perfectly competitive firm might
 
  A) set its price above marginal cost.
  B) set its price above marginal revenue.
  C) adjust the size of its fixed inputs.
  D) operate even though it is incurring an economic loss.

Question 2

If the price of a movie download falls, the rental rate of DVDs ________ and the equilibrium quantity of DVDs rented ________.
 
  A) rises; decreases
  B) rises; increases
  C) falls; decreases
  D) falls; increases


cloudre37

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

D

Answer to Question 2

C


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