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Author Question: Industries in which firms are suffering losses are likely to ________ in the long run. (Read 81 times)

geoffrey

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on: Apr 19, 2019

Question 1

A firm that experiences only constant returns to scale will have a U-shaped long-run average cost curve.


◦ true
◦ false

Question 2

Industries in which firms are suffering losses are likely to ________ in the long run.


◦ expand
◦ contract
◦ neither expand nor contract, as firms must earn an economic profit to stay in business
◦ expand or contract depending on the normal rate of return
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by geoffrey on Apr 19, 2019

xoxo123

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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.
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geoffrey

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Reply #2 on: Apr 19, 2019
TY


xoxo123

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Reply #3 on: Apr 19, 2019
You're welcome


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