In pure competition, price is determined where the industry:
A. Demand and supply curves intersect
B. Total cost is greater than total revenue
C. Demand intersects the individual firm's marginal cost curve
D. Average total cost equals total variable cost
A. Demand and supply curves intersect
Economics
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If there is a major problem in a country that leads to the rapid withdrawal of foreign investment, this is known as
A) adverse selection crisis. B) moral hazard. C) international financial crisis. D) portfolio investment crisis.
Economics
High inflation that persists beyond the ending of expansionary policies is probably ________
A) demand-pull inflation B) Humphrey-Hawkins inflation C) cost-push inflation D) a result of unemployment remaining below the natural rate E) none of the above
Economics