If Tamsin's Tank Tops is a perfectly competitive firm and is currently making positive economic profits of $1,000,
A) firms will enter the market.
B) firms will exit the market.
C) individuals will demand more tank tops.
D) individuals will demand fewer tank tops.
E) the market supply curve will shift to the left.
Correct Answer:
Verified
Q125: Use the following scenario to answer the
Q126: If Dorothy's Doughnuts is a perfectly competitive
Q127: Refer to the accompanying set of graphs
Q128: You can tell a firm is operating
Q129: An example of an explicit cost is
A)
Q131: If firms in a competitive market are
Q132: Refer to the accompanying set of graphs
Q133: Use the following scenario to answer the
Q134: If firms in a competitive market are
Q135: Use the following scenario to answer the
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