If a firm enjoys producer surplus in perfectly competitive Market A of $1000 and would enjoy producer surplus in perfectly competitive Market B of $1200, the firm would consider moving to Market B if
A) fixed costs are greater than $100 in Market A.
B) fixed costs are less than $200 in Market B.
C) fixed costs are less than $300 but greater than $200 in Market B.
D) fixed costs in Market B are less than the fixed costs in Market A plus $200.
D
You might also like to view...
Within the U.S. population, teenagers (ages 16-19) have similar rates of unemployment to adults of prime working age (ages 25-54), regardless of race or gender
a. True b. False Indicate whether the statement is true or false
The unemployment rate is
A) the percentage of the labor force that is employed. B) the percentage of the number employed that is unemployed. C) the percentage of the working-age population that is unemployed. D) the percentage of the labor force that is unemployed. E) the percentage of the working-age population that is employed.