The owners will shut down a perfectly competitive firm if the price of its good falls below its minimum
A) average total cost.
B) average marginal cost.
C) average variable cost.
D) wage rate.
C
Economics
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Which of the following questions is of most interest for MACROECONOMISTS?
A) Why is there inflation? B) Why does the steel industry want tariffs? C) What is the appropriate stance of antitrust policy? D) Why do foreigners immigrate to the United States?
Economics
The prices of which of the following goods would be included in the Consumer Price Index?
a. Fighter planes b. Iron ore c. Tennis shoes d. Firefighters' services e. IBM stock
Economics