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Author Question: In the above figure, the average variable cost curve is curve A) A. B) B. C) C. D) ... (Read 23 times)

james0929

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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.


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upturnedfurball

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


james0929

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  • Posts: 586
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

raili21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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