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Author Question: A perfectly competitive firm definitely will shut down in the short run if its price is below its ... (Read 93 times)

Engineer

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on: Jun 29, 2018
A perfectly competitive firm definitely will shut down in the short run if its price is below its average total cost.
 
  Indicate whether the statement is true or false

Question 2

Netflix, an online DVD rental service, was established in 1997. In 2010, Netflix has more than 10 million subscribers. This technology has ________ in the labor market for computer software programmers.
 
  A) decreased demand
  B) increased supply
  C) decreased supply
  D) increased demand


covalentbond

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

D


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