When faced with an economic loss, a competitive firm will exit ...

[altibaby]

When faced with an economic loss, a competitive firm will exit the industry in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If finding the last stamp to complete your collection makes you happier than finding the first, then:
 a. marginal utility is zero.
  b. marginal utility is negative.
  c. total utility is decreasing.
  d. total utility is constant.
  e. marginal utility is not diminishing.

[Eazy416]

Answer to Question 1

True

Answer to Question 2

e

[altibaby]

Great answer, keep it coming

[zacnyjessica]

Thanks for the timely response, appreciate it