Competitive firm shuts down in short run
A competitive firm shuts down within the short run when: (w) this suffers a loss. (x) normal profit = 0. (y) ATC > P. (z) the minimum AVC > P. Hello guys I want your advice. Please recommend some views for above Economics problems.
A competitive firm shuts down within the short run when: (w) this suffers a loss. (x) normal profit = 0. (y) ATC > P. (z) the minimum AVC > P.
Hello guys I want your advice. Please recommend some views for above Economics problems.
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Supply is too elastic (contain a smaller coefficient) within the long run than in the: (w) short-run in competitive, constant-cost industries. (x) short-run in competitive, increasing-cost industries. (y) market period in virtually all industries. (z) All of the above
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