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Author Question: Consider the following cost curves for two perfectly competitive firms, Firm A and Firm B.FIGURE ... (Read 30 times)

camac77

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on: Oct 12, 2022

Consider the following cost curves for two perfectly competitive firms, Firm A and Firm B.



FIGURE 9-4

Refer to Figure 9-4. Firms A and B are in the same industry. Choose the statement that best describes the situation facing the two firms.


◦ Firm A is suffering losses and will be shut down immediately; Firm B will be shut down if the price falls any further.
◦ Firm A is making losses but remains producing as long as price falls no further; Firm B is producing at lower cost and is earning economic profits.
◦ Firm A and Firm B have different cost structures and should therefore each charge a different profit-maximizing price.
◦ Firm A and Firm B are both suffering economic losses and will soon exit the industry.
◦ Firm A and Firm B are both earning positive economic profits; new firms will likely enter the industry.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by camac77 on Oct 12, 2022

nora9826

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Reply #1 on: Oct 12, 2022
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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camac77

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

bbburns21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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