Under conditions of perfect competition, profits can get squeezed out because of a
a. rising ATC curve.
b. higher AR curve.
c. higher MR curve.
d. lower ATC curve.
a. rising ATC curve.
Economics
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If the price of a good increases, a consumer will substitute away from the relatively more expensive good, which will increase the marginal utility for that good and bring the consumer back to equilibrium
Indicate whether the statement is true or false
Economics
Why is it inefficient to be overinformed?
What will be an ideal response?
Economics