Author Question: In the above figure, the average variable cost curve is curve A) A. B) B. C) C. D) ... (Read 38 times)

james0929 · **on:** Jun 29, 2018

In the above figure, the average variable cost curve is curve

A) A.
B) B.
C) C.
D) D.

Question 2

In the long-run, if firms in a perfectly competitive market are incurring persistent economic losses, some firms will

A) exit and the price will fall.
B) exit and the price will rise.
C) enter and the price might either rise or fall.
D) exit and the price might either rise or fall.