If a firm is operating at an output level where losses are minimized, the firm
A) has no incentive to stay in the industry.
B) is better off exiting the industry.
C) is maximizing profits.
D) will shut down.
C
Economics
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Suppose that, last year, the price of peanuts fell and the quantity sold increased. Use supply and demand analysis to explain how these changes could have occurred
What will be an ideal response?
Economics
Someone who commits the fallacy of composition is likely to assume that
a. the simplest model is the best predictor b. event B, which follows event A, was caused by event A c. event B, which follows event A, was not necessarily caused by event A d. what is true for the individual is also true for the group e. what is true for the individual is not necessarily true for the group
Economics