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
Comparison of reactions at equilibrium and steady state
The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
Major Categories of Long-Term Memory
Write equilibrium constant expressions for the following reactions in terms of concentration:
Write the acidic equilibrium equation for HC₆H₅O.
The Hardy–Weinberg Equilibrium