If profit from producing would be negative, producers will shut down. ?

Answer the following statement true (T) or false (F)

True

Rationale: Production is undertaken to make a profit. Producers which cannot earn a profit will close.

Economics

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Central Bank or called Fed

What will be an ideal response?

Economics

A common characteristic of oligopolies is:

a. independent pricing decisions. b. interdependence in pricing decisions. c. few or no plant-level economies of scale. d. low industry concentration.

Economics