Entrepreneurs tend to have a comparative advantage in A) ...

[jasdeep_brar]

Entrepreneurs tend to have a comparative advantage in
 
  A) arbitrage.
  B) manipulating market prices.
  C) stealing other people's ideas.
  D) selling their products below cost.
  E) hiring others to act as residual claimants.

Question 2

A firm should shut down in the short run if the price is less than the:
 
  A) average fixed cost.
  B) average total cost.
  C) average variable cost.
  D) marginal cost.

[ambernicolefink]

Answer to Question 1

A

Answer to Question 2

C