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

question 25

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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Definitions:

Fopen()

A standard library function in C for opening a file, returning a pointer to a FILE object associated with the file if successful.

Erased

Refers to data or content that has been removed or deleted from storage medium or memory.

Available

Indicates that a resource, feature, or option is accessible and can be used.

Fopen()

Fopen() is a function in C programming used to open a file and assign it to a file stream.