Figure 7-13 -Figure 7-13 Shows the Average Total Cost Curves of Four

question 190

Multiple Choice

Figure 7-13

-Figure 7-13 shows the average total cost curves of four firms that produce milk.Some of the dairies are more productive.AR = P is the long-run price of milk.How many of these dairies will remain in the industry in the long run?

• A)all of them
• B)only 2
• C)only 3
• D)cannot determine with information given

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The Federalist Papers

A series of 85 articles and essays written to promote the ratification of the United States Constitution.

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A Founding Father of the United States, first Secretary of the Treasury, and influential interpreter of the U.S. Constitution.

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