A monopoly shuts down when
A) the short run price is below its average variable costs.
B) the long run price is below its average variable costs.
C) the average cost is less than price.
D) never, because it can raise its prices as high as necessary to keep operating and maximize profits.
A
Economics
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Explain what information that changes in the value of a firm's stocks provide for a firm's managers and for investors
What will be an ideal response?
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In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower prices. C. lower output. D. None of these is true.
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