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Author Question: Survivability in a perfectly competitive world requires that A) firms minimize average total ... (Read 68 times)

stevenposner

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Survivability in a perfectly competitive world requires that
 
  A) firms minimize average total cost.
  B) firms produce new and different products.
  C) firms maximize profit.
  D) firms maximize revenue.

Question 2

What is one reason firms might lobby to prevent entry into their market?
 
  A) The long run equilibrium might be characterized by P = MC = ATC.
  B) The long run equilibrium might be characterized by P = MC < ATC.
  C) The long run equilibrium might be characterized by P > MC = ATC.
  D) The long run equilibrium might be characterized by P = MC > ATC.


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mohan

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stevenposner

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


adammoses97

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Reply 3 on: Yesterday
Wow, this really help

 

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