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Author Question: The above figure shows three possible average total cost curves. If all firms in a perfectly ... (Read 60 times)

MGLQZ

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on: May 24, 2019


The above figure shows three possible average total cost curves. If all firms in a perfectly competitive industry each have an average total cost curve identical to ATC0, each produces 20 units, and the market price of the good is $16 per unit, then
◦ the firms make an economic profit of $8 per unit.
◦ firms will enter the industry and the number of firms increases.
◦ the firms' ATC curves will eventually shift to become the same as ATC1.
◦ firms will exit the industry and the number of firms decreases.
◦ Both answers the firms make an economic profit of $8 per unit and firms will enter the industry and the number of firms increases are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by MGLQZ on May 24, 2019

cloudre37

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Reply #1 on: May 24, 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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MGLQZ

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Reply #2 on: May 24, 2019
TY


cloudre37

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Reply #3 on: May 24, 2019
You're welcome


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