The sales revenue a seller receives from the sale of an additional unit of goods is called the marginal cost
Indicate whether the statement is true or false
FALSE
Economics
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Which of the following has been a significant factor in DVDs replacing video cassettes (VCs) in the retail home video market?
A) DVDs are now less than one-half the price of VCs. B) A scarcity of production capacity has curtailed the manufacture of VCs. C) Most consumers perceive DVD sound and video reproduction to be of higher quality. D) The price of DVD players has increased dramatically.
Economics
In the short run, firms suffering losses should always shut down.
Answer the following statement true (T) or false (F)
Economics