Author Question: Monopoly output is relatively lower than a competitive market output as resources remain unutilized ... (Read 103 times)

mpobi80 · **on:** Jun 30, 2018

Monopoly output is relatively lower than a competitive market output as resources remain unutilized under the former.
Indicate whether the statement is true or false

Question 2

A firm will shut down permanently if total revenue is not sufficient to pay for total costs in the long run.
a. True
b. False
Indicate whether the statement is true or false