If a perfectly competitive firm is operating in long-run equilibrium and market demand suddenly falls, the short-run result will be
a. greater economic profit
b. a normal profit
c. lower average total cost
d. lower average variable cost
e. an economic loss
Question 2
A monopolist price discriminates by
a. charging different buyers different prices for different products
b. charging different buyers different prices for the same product
c. selling at a price below average total cost
d. selling at a price below marginal cost
e. selling at a price above marginal revenue
When young infants hold objects for a long period of time they eventually become habituated to them.
Vapour-liquid equilibrium acetone + water
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
The original Supply and Demand graph