In the long-run, if firms in a perfectly competitive market are incurring persistent economic losses, some firms will
A) exit and the price will fall.
B) exit and the price will rise.
C) enter and the price might either rise or fall.
D) exit and the price might either rise or fall.
B
Economics
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In the above figure, the competitive firm will employ the quantity of labor
A) equal to Lc. B) equal to Lb. C) less than Lb. D) greater than Lc.
Economics
Use the following graph 
Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. The company decides to clean up Q tons of yucko-are they cleaning up enough?
A. Yes, because the MB > MC B. No, because the MC > MB C. Yes, because the MC > MB D. No, because the MB > MC
Economics