If a Firm in the Long Run Produces Less Than

question 86

Essay

If a firm in the long run produces less than its efficient scale,it
A) should raise its markup to increase its profit.
B) should lower its markup to increase its profit.
C) cannot be a perfectly competitive firm.
D) should not advertise to increase its profit.
E) must have its markup equal to zero.

• A) should raise its markup to increase its profit.
• B) should lower its markup to increase its profit.
• C) cannot be a perfectly competitive firm.
• D) should not advertise to increase its profit.
• E) must have its markup equal to zero.

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Definitions:

Surge

A sudden increase or spike, often referring to electrical power, demand, or other measurable phenomena.

Blackout

Blackout means a temporary loss of electricity or the intentional suppression of information or broadcasting.

Worm

A type of malware that replicates itself to spread to other computers, often utilizing a network, without needing to attach to an existing program for distribution.

Trojan

A type of malware disguised as legitimate software that can gain access to systems and cause damage or steal information.