A firm's break-even price is the price that is just equal to the minimum point of the AVC curve, in the short run

Is it theoretically possible for general equilibrium to be attained? Is it likely that general equilibrium will be attained? Explain

What will be an ideal response?

A characteristic of outsourcing is

a. completely unrelated to vertical integration b. likely to be profitable exactly when vertical integration is profitable c. can allow a firm to focus on its core competencies d. it prevents the exploitation of differing degrees of economies of scale at different points in the supply chain