A Firm Will Exit a Competitive Market When

question 27

Multiple Choice

A firm will exit a competitive market when

• A)costs force the marginal cost curve to shift to the left.
• B)the long-run profit would be negative.
• C)it can earn only earn a zero long-run profit.
• D)Both B and C.

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Definitions:

Glucose

A basic form of sugar vital for energy production in living beings and a key ingredient in numerous carbohydrates.

Aerobic Organisms

Organisms that require oxygen for their metabolic processes.

Antioxidants

Substances that inhibit oxidation, protecting cells against free radicals.

Glycolysis

The metabolic pathway in the cytoplasm where glucose is broken down to pyruvate, generating ATP and NADH.