The difference between average total cost and average variable cost decreases with an increase in output

There are no indisputable principles of tax equity

a. True b. False

Under perfect competition, entry of new firms into the market in the long run tends to:

a. raise the aggregate supply. b. raise the level of profit of the existing firms. c. raise the aggregate demand for goods. d. reduce the degree of competitiveness in the market. e. reduce the market power of the existing firms.