Firms that charge a price for their output in excess of marginal cost in the short run
A) are not maximizing profits.
B) cannot find buyers for their output.
C) are charging a markup.
D) will suffer huge losses.
C
Economics
You might also like to view...
Which of the following will not shift the demand for the euro to the right?
A) an increase in interest rates in the European Union B) expectations among speculators that the price of the euro will rise in the future C) an increase in incomes in countries that buy goods from the European Union D) a decrease in the demand for European goods
Economics
Discuss the options for financing a balance of payments deficit
What will be an ideal response?
Economics