In a completely serious market, the interaction of section or leave closes when a. Firms are working with abundance limit. b. Firms are making zero monetary benefit. c. Firms experience diminishing minimal income. d. Cost is equivalent to minor expense.
In a completely serious market, the interaction of section or leave closes when a. Firms are working with abundance limit. b. Firms are making zero monetary benefit. c. Firms experience diminishing minimal income. d. Cost is equivalent to minor expense.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1
In a completely serious market, the interaction of section or leave closes when
a. Firms are working with abundance limit.
b. Firms are making zero monetary benefit.
c. Firms experience diminishing minimal income.
d. Cost is equivalent to minor expense.
2.
Harmony amounts in business sectors described by oligopoly is
a. Lower than in imposing business model business sectors and higher than in completely serious
markets.
b. Lower than in imposing business model business sectors and lower than in completely serious
markets.
c. Higher than in imposing business model business sectors and higher than in completely serious
markets.
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