Author Question: In the long run, a firm can choose A) to operate at any point on only one short-run average total ... (Read 71 times)

yoooooman · **on:** Jun 30, 2018

In the long run, a firm can choose
A) to operate at any point on only one short-run average total cost curve.
B) to operate along any short-run average total cost curves.
C) to operate along any short-run average variable cost curves.
D) to operate along any point of its short-run marginal cost curves.

Question 2

In which of the following cases are disputes more likely to be settled by negotiations than by court cases?
a. When the parties involved are risk averse
b. When time is not an important factor
c. When court costs are low
d. When parties have asymmetric beliefs about facts