The Following Figure Represents the Cost Curves of Two Firms

question 125

Multiple Choice

The following figure represents the cost curves of two firms operating in different perfectly competitive industries. This economy consists only of industries 1 and 2.

-Refer to the figure above.If the market price in industry 1 is $7 and the market price in industry 2 is $3,we should expect ________ in the long run.

• A) firm A to exit industry 1 and enter industry 2
• B) both fims to stay in their respective industries
• C) firm B to exit industry 2 and not enter industry 1
• D) firm B to exit industry 2 and enter industry 1

Understand the importance and effects of diversity in organizations.

Recognize global leadership challenges faced by multinational organizations.

Differentiate between leadership effectiveness across genders.

Grasp the historical context and geographical focus of early leadership research.