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Author Question: The owners will shut down a perfectly competitive firm if the price of its good falls below its ... (Read 49 times)

luminitza

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on: Jun 29, 2018
The owners will shut down a perfectly competitive firm if the price of its good falls below its minimum
 
  A) average total cost.
  B) average marginal cost.
  C) average variable cost.
  D) wage rate.

Question 2

By making most of its employees owners of the company, United Airlines attempted to
 
  A) cope with the unlimited liability problem.
  B) change its business organization from a corporation to a partnership.
  C) address the principal-agent problem between the workers and managers.
  D) increase the role of the command system in managing the firm.


Dominic

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

C

Answer to Question 2

C


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