If a firm has a market price of $15 and an average variable cost of $17, then it will ______.

a. downsize
b. expand
c. stay open
d. shut down

d. shut down

Economics

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________ taxes are taxes paid when purchasing specific goods such as alcohol, tobacco, and gasoline

A) Property B) Payroll C) Wealth D) Excise

Economics

Explain the difference between a normal good and an inferior good

What will be an ideal response?

Economics