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

[james0929]

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.

[upturnedfurball]

Answer to Question 1

C

Answer to Question 2

B

[james0929]

Thanks for the timely response, appreciate it

[EAN94]

TYSM