There will be short-run pressure on the price to fall whenever
A) P>ATC
B) P=ATC
C) P<ATC
D) P<AVC
Correct Answer:
Verified
Q59: Q60: The assumption under perfect competition of a Q61: The first firm in an industry Q62: A reduction in the market price of Q63: Monopolistically competitive firms are Q65: Suppose a farmer earns a larger profit Q66: There will be long-run pressure on the Q67: What moves when there is entry in Q68: Very high four-firm concentration ratios characterize the Q69: Microsoft is a dominant producer of operating
A)will always
A)Price makers
B)Price takers
C)Price excluders
D)Price
A)furniture
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents