-This firm would ______ in the short run and __________ in the long run.
A) shut down;stay in business
B) shut down;go out of business
C) operate;stay in business
D) operate;go out of business
Correct Answer:
Verified
Q73: Perfect competitors operate at peak efficiency in
A)both
Q74: The profit-maximizing perfect competitor will produce at
Q75: The perfect competitor has a perfectly elastic
Q76: Under perfect competition there must be
A)perfect mobility
Q77: Which statement is true?
A)A firm will operate
Q79: If the price were $25,this firm would
Q80: If all firms in a perfectly competitive
Q81: Which statement is true?
A)Most firms in the
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