If a consumer buys a good, we know that their willingness to pay:
A. is greater than its price.
B. is less than its price.
C. is equal to its price.
D. is either greater than or equal to its price.
Answer: D
Economics
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In which of the following cases would a firm enter a market?
A. P < short-run ATC. B. P < long-run ATC. C. P > short-run ATC. D. P > long-run ATC.
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