This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a perfectly competitive firm shuts down in the short run and exits the industry in the long run, ... (Read 69 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
on: Apr 19, 2019

Question 1

If a perfectly competitive firm operates in the short run but exits the industry in the long run, then the firm's short run condition is


◦ TR > 
TC.
◦ TR > 
TVC and 
TR < 
TC.
◦ TR < 
TVC.
◦ TR < 
TFC.

Question 2

If a perfectly competitive firm shuts down in the short run and exits the industry in the long run, the firm's short run condition is


◦ TR > 
TC.
◦ TR > 
TVC and 
TR < 
TC.
◦ TR < 
TVC.
◦ TR < 
TFC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by naturalchemist on Apr 19, 2019

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


naturalchemist

  • Hero Member
  • *****
  • Posts: 542
Reply #2 on: Apr 19, 2019
Excellent


manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Long-day stimulation of flower development in Arabidopsis. Long-day stimulation of flower development in Arabidopsis.
Long-tailed Widowbird Long-tailed Widowbird
To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
Food policy can drive the food industry Food policy can drive the food industry
When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde
Video: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library