If a competitive firm is in short-run equilibrium, then
A) profits equal zero.
B) it will not operate at a loss.
C) an increase in its fixed cost will have no effect on profit.
D) an increase in its fixed cost will have no effect on output.
D
Economics
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The cost savings from outsourcing often lead to ________ for consumers and ________ for the outsourcing company
A) lower prices; more output B) lower prices; less output C) higher prices; more output D) higher prices; less output
Economics
The vertical axis in the AD-AS model shows:
A. the economy's real GDP growth rate. B. the economy's inflation rate. C. the economy's short-term interest rate. D. the economy's nominal GDP growth rate.
Economics