The given data reveal that:
A. the firm is selling its product in a purely competitive market.
B. the firm is selling its product in an imperfectly competitive market.
C. there is no level of output at which this firm can operate at a profit.
D. the law of diminishing returns is not applicable to this firm.
B. the firm is selling its product in an imperfectly competitive market.
Economics
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The financing of U.S. export transactions, ceteris paribus
A) reduces U.S. interest rates. B) reduces the amount of foreign currency held by the Fed. C) reduces U.S. GDP. D) increases the amount of foreign currency held by U.S. banks.
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