This topic contains a solution. Click here to go to the answer

Author Question: In a perfectly competitive market, the price in the long run: A) will always be more than the ... (Read 47 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
In a perfectly competitive market, the price in the long run:
 
  A) will always be more than the minimum average total cost of the industry.
  B) will always be less than the minimum average total cost of the industry.
  C) will always equal the minimum average total cost of the industry.
  D) will always equal the average fixed cost of the industry.

Question 2

Suppose that for a curve, as the variable measured on the x-axis increases, the variable measured on the y-axis decreases. The curve has a ________ slope.
 
  A) tangent
  B) positive
  C) negative
  D) hypothetical



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

C




Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Wow, this really help


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

For a complete list of videos, visit our video library