The above figure shows the short run cost curves for a typical firm in a competitive market. If price = 4, then the firm
A) is earning positive profits.
B) should produce 35 units.
C) should shut down.
D) None of above.
C
Economics
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Which of the following is not one of the obstacles mentioned in the text to a successful system of price discrimination? Inability to
A) evade legal restrictions on discrimination. B) identify differences in demand among customers. C) prevent customers from reselling the product. D) prevent resentment from arising among the people who pay more.
Economics
Each point on the production possibilities frontier achieves allocative efficiency
Indicate whether the statement is true or false
Economics