Suppose the economy is in long-run equilibrium and there is an increase in investment. As a result, real GDP will ________ in the short run, and ________ in the long run

In the above figure, when price is below E, this firm should

A) lower prices. B) continue to operate as-is. C) attempt to lower ATC and to raise AVC. D) shut down.

Firms that discriminate are:

A. always more profitable than firms that do not. B. irrational. C. sometimes more profitable than firms that do not. D. always less profitable than firms that do not.