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Author Question: Which of the following can a firm do in the long run but not in the short run? A) decrease the ... (Read 17 times)

soccerdreamer_17

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Which of the following can a firm do in the long run but not in the short run?
 
  A) decrease the size of its physical plant B) reduce its rate of output by laying off workers
  C) increase its use of raw materials D) increase its variable costs

Question 2

Which of the following is a characteristic of a firm in a perfectly competitive market?
 
  A) The firm must lower its price in order to increase quantity demanded.
  B) The firm cannot make a profit in the short run because it is too small a part of the total market.
  C) The firm can make a profit in the long run but not in the short run.
  D) The firm can sell as much as it wants without having to lower its price.


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meganmoser117

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soccerdreamer_17

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Reply 2 on: Jun 29, 2018
Wow, this really help


FergA

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Reply 3 on: Yesterday
Excellent

 

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