Examlex

Solved

Use the Following to Answer Question

question 132

Multiple Choice

Use the following to answer question: Use the following to answer question:   -(Figure: Game-Day Shirts) Use Figure: Game-Day Shirts.Rick is one of 10 vendors who sell game-day T-shirts at football games in a perfectly competitive market.His costs are identical to the costs of the other 9 vendors.If the price of a shirt is $9,in the long run: A) new firms will enter the industry. B) existing firms will exit the industry. C) the industry is in equilibrium. D) the industry has minimized average total cost.
-(Figure: Game-Day Shirts) Use Figure: Game-Day Shirts.Rick is one of 10 vendors who sell game-day T-shirts at football games in a perfectly competitive market.His costs are identical to the costs of the other 9 vendors.If the price of a shirt is $9,in the long run:


Definitions:

Related Questions