1)in the short run, firms in the market _______. In the long run, some firms _______...
1)in the short run, firms in the market _______. In the long run, some firms _______ the market.
A.break even; enter
B.make an economic profit; enter
C.make an economic profit; exit
D.incur an economic loss; exit
2)
Market supply ______ and the market price ______.
A.increases; falls
B.increases; rises
C.decreases; rises until it reaches the firms' minimum average variable cost
D.decreases; rises until it reaches the firms' minimum average total cost
3)
Homework Answers
Ans) the correct option is b) make an economic profit; enter
Ans) the correct option is A.increases; falls
Add Answer to:
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