Author Question: Refer to Figure 3-2. A decrease in the number of firms in the market would be represented by a ... (Read 54 times)

tiffannnnyyyyyy · **on:** Jun 29, 2018

Refer to Figure 3-2. A decrease in the number of firms in the market would be represented by a movement from

A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.

Question 2

Competition forces firms to produce and sell products as long as the ________ to consumers exceeds the ________ of production.

A) marginal benefit; marginal cost B) marginal cost; marginal benefit
C) marginal benefit; marginal benefit D) marginal cost; marginal cost