Figure One for the following 4 questions. If these conditions persist into the long run, the firm should continue to operate shut down go out of business lower price to lower its profits sot that the government does not begin to regulate them
Figure One for the following 4 questions. If these conditions persist into the long run, the firm should continue to operate shut down go out of business lower price to lower its profits sot that the government does not begin to regulate them
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Economic
Use Figure One for the following 4 questions. If these conditions persist into the long run, the firm should
continue to operate |
||
shut down |
||
go out of business |
||
lower price to lower its profits sot that the government does not begin to regulate them for making exorbitant profits |
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