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Author Question: Firms in perfect competition will leave the industry if they a. suffer short-run losses b. suffer ... (Read 27 times)

moongchi

  • Hero Member
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  • Posts: 516
on: Jun 30, 2018
Firms in perfect competition will leave the industry if they
 a. suffer short-run losses
  b. suffer losses, even if they are covering variable costs in the short run
  c. suffer long-run losses
  d. earn a normal profit
  e. earn a zero economic profit

Question 2

Firms price discriminate because, by doing so, they obtain a higher profit than by charging a single price.
 a. True
  b. False


emily12345

  • Sr. Member
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  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


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