Table 13-4 Table 13-4 Lists Estimated Revenues and Costs (Per Week)for Plastic

question 75

Multiple Choice

Table 13-4

Table 13-4 lists estimated revenues and costs (per week) for plastic vials (100 vials per box) for the Victoria Biological Supplies Company. Victoria sells plastic vials to universities and private research laboratories.
-Refer to Table 13-4.Based on the data in the table, which of the following statements is true?

• A)The table summarizes Victoria's short-run, rather than long-run, market for plastic vials.
• B)Victoria could be either a monopolistically competitive or a perfectly competitive firm.
• C)Victoria should shut down temporarily.
• D)Victoria should advertise more in order to increase the demand for plastic vials.

---

Definitions:

African-Americans

A demographic group in the United States consisting of individuals with partial or total ancestry from any of the black racial groups of Africa.

European-Americans

Individuals in the United States who have origins in any of the original peoples of Europe.

Divorce

The formal termination of matrimony through the verdict of a court or an authorized institution.

Childcare

The care and supervision of a child or children, typically from infancy through early childhood, by a person other than the child's parents.