A country is likely to be better off in the long run if it pursues self-sufficiency

Explain why a monopolistically competitive firm would not want to reduce its price all the way to its minimum average total cost even though doing so would allow it to increase sales?

What will be an ideal response?

Which of the following would be considered an implicit cost of operating a business?

A) shipping expenses B) Social Security contributions for employees C) the resale value of delivery vans the company owns and uses for its deliveries D) interest payments on a loan