In the Long-Run, Some Firms Will Exit the Market If

question 12

Multiple Choice

In the long-run, some firms will exit the market if the price of the good offered for sale is less than

• A) marginal revenue.
• B) marginal cost.
• C) average total cost.
• D) average revenue.

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Shove

A strong push, typically with one's elbow or shoulder, in a rough manner.

Offensive

Describes behavior, materials, or actions that are upsetting, insulting, or objectionable to individuals or groups.

Battery

An intentional unpermitted act causing harmful or offensive contact with the "person" of another.

Gas Can

A portable container designed for the storage and transportation of gasoline.