Author Question: In a constant-cost industry, price always equals A) LRMC and minimum LRAC. B) LRMC and LRAC, ... (Read 51 times)

tnt_battle · **on:** Jul 1, 2018

In a constant-cost industry, price always equals

A) LRMC and minimum LRAC.
B) LRMC and LRAC, but not necessarily minimum LRAC.
C) minimum LRAC, but not LRMC.
D) LRAC and minimum LRMC.
E) minimum LRAC and minimum LRMC.

Question 2

There are substantial racial differences in college attendance, within income classes.

Indicate whether the statement is true or false