If a perfectly competitive firm is producing the short-run profit-maximizing quantity and is earning negative economic profits, the firm should anticipate ________.
A) the market equilibrium price to decrease
B) the market supply to increase
C) new firms to enter the market
D) the market equilibrium price to increase
D) the market equilibrium price to increase
Economics
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If a natural monopoly is allowed to set its price above its average total cost, then
A) the company makes an economic profit. B) the company incurs an economic loss. C) competitors will enter the market. D) the company will produce more than the efficient amount of output.
Economics
Government spending shrank the most in _____ relative to GDP between 1997 and 2016
a. Canada b. Australia c. Germany d. Spain e. the U.K.
Economics