Monopoly output is relatively lower than a competitive market ...

[mpobi80]

Monopoly output is relatively lower than a competitive market output as resources remain unutilized under the former.
  Indicate whether the statement is true or false

Question 2

A firm will shut down permanently if total revenue is not sufficient to pay for total costs in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

[nyrave]

Answer to Question 1

T

Answer to Question 2

True

[mpobi80]

TYSM

[jackie]

Thanks for the timely response, appreciate it