Author Question: A monopolistic competitor shuts down production in the short run if ________. A) marginal revenue ... (Read 78 times)

Destiiny22 · **on:** Jun 29, 2018

A monopolistic competitor shuts down production in the short run if ________.

A) marginal revenue equals marginal cost
B) marginal cost equals average cost
C) total revenues do not cover variable costs
D) total revenues do not cover fixed costs

Question 2

Goods and services such as environmental quality, leisure time, and household production are not included in GDP because they are not

A) productive activities.
B) for consumption.
C) bought in markets.
D) made for profit.
E) really durable goods.