The free-rider problem makes it unlikely that poverty will be entirely eliminated through private charity

Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The marginal cost of the 5,000th unit of output is $3. The corresponding average total cost is $3

50 and total fixed costs equal $1250. Based on this information, should this firm continue to operate in the short run? Why or why not?

One union follows another union and starts a work stoppage. This is an example of a

A) sympathy strike. B) secondary boycott. C) closed shop. D) union shop.