Author Question: Refer to Table 8.1. That the firm is perfectly competitive is evident from its A) increasing ... (Read 67 times)

hbsimmons88 · **on:** Jul 1, 2018

Refer to Table 8.1. That the firm is perfectly competitive is evident from its

A) increasing marginal cost.
B) increasing total cost.
C) zero economic profits.
D) constant marginal revenue.
E) absence of marginal values at Q = 0.

Question 2

Under some relative definitions, poverty will persist as long as income inequality does.

Indicate whether the statement is true or false