[Answered] In perfect competition, firms enter the market whenever the market price exceeds the minimum average ...

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deesands

Hero Member
Posts: 514

on: Jun 29, 2018

In perfect competition, firms enter the market whenever the market price exceeds the minimum average variable cost.

Indicate whether the statement is true or false

Question 2

In the above figure, if the market is competitive and unregulated, output will be

A) zero.
B) 50 units per week.
C) 150 units per week.
D) 250 units per week.

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batool

Sr. Member
Posts: 320

Reply #1 on: Jun 29, 2018

Answer to Question 1

FALSE

Answer to Question 2

C

deesands

Hero Member
Posts: 514

Reply #2 on: Jun 29, 2018

Correct answers!

batool

Sr. Member
Posts: 320

Reply #3 on: Jun 29, 2018

Great! Please up vote

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Author Question: In perfect competition, firms enter the market whenever the market price exceeds the minimum average ... (Read 137 times)

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