-If the Price Is Above $145,what Will the Firm Do

question 122

Short Answer

-If the price is above $145,what will the firm do (a)in the short run? (b)in the long run?

---

Definitions:

Intangible Assets

Assets that have value to a business but are not visible.

Long-Term Equity

Investments in stocks or other equity instruments that are intended to be held for a period longer than one year for potential appreciation in value.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received on credit.

Noncompete Clause

A provision often included in a contract to purchase a business that restricts the seller from entering the same type of business within a specified area for a certain amount of time.