The equilibrium price in a market occurs where the:
A) market demand and the firms' average cost curves intersect.
B) market supply and the firms' average cost curves intersect.
C) market demand and the market supply curves intersect.
D) market supply and the firms' revenue curves intersect.
C
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Refer to Table 5.3. Rank the doctor's job options in expected income order, highest first
A) Work for HMO, open own practice, do research. B) Work for HMO, do research, open own practice. C) Do research, open own practice, work for HMO. D) Do research, work for HMO, open own practice. E) Open own practice, work for HMO, do research.
Which one of the following might offset a crowding-out effect of financing a large public debt?
A. A decline in net exports. B. An increase in public investment. C. A decrease in the money supply. D. A decline in public investment.