In making an investment decision,an entrepreneur
A) Makes a decision to exit if price is above marginal cost.
B) Makes a short-run decision.
C) Must consider only variable costs.
Correct Answer:
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Q10: If a new sushi restaurant opens,then
A)The market
Q11: If the price of ricotta cheese,an ingredient
Q12: Which of the following is characteristic of
Q13: If economic profits are earned in a
Q14: In a competitive market where firms are
Q16: Which of the following is a determinant
Q17: Other things being equal,as more firms enter
Q18: If long-run economic losses are being experienced
Q19: The exit of firms from a market,ceteris
Q20: To determine the market supply,the quantities
A)Demanded at
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