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Author Question: If there is an increase in industry supply while the industry demand remains the same, then an ... (Read 12 times)

kellyjaisingh

  • Hero Member
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  • Posts: 540
on: Apr 19, 2019

Question 1

If a perfectly competitive firm is currently producing where 
________, then the firm will earn zero profits.


◦ P > 
MC and 
MC = 
ATC
◦ P = 
MC and 
MC = 
ATC
◦ P = 
MC and 
MC < 
ATC
◦ P < 
MC and 
MC > 
ATC

Question 2

If there is an increase in industry supply while the industry demand remains the same, then an individual firm in a perfectly competitive industry currently earning negative profits will see its profits


◦ increase.
◦ not change.
◦ decrease further.
◦ impossible to determine
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by kellyjaisingh on Apr 19, 2019

jojobee318

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kellyjaisingh

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

olderstudent

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Reply 3 on: Yesterday
Wow, this really help

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