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Author Question: When price is sufficient to cover average variable costs, firms suffering short-run losses will ... (Read 35 times)

crobinson2013

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on: Apr 19, 2019

Question 1

The long run industry supply curve is made up of the zero-profit equilibrium levels of output as the industry expands due to entry of new firms.


◦ true
◦ false

Question 2

When price is sufficient to cover average variable costs, firms suffering short-run losses will continue to operate rather than shut down.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by crobinson2013 on Apr 19, 2019

gabrielle_lawrence

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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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crobinson2013

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Reply #2 on: Apr 19, 2019
Excellent


gabrielle_lawrence

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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