Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A competitive firm is more likely to sinut down during a recension when the demand for its product delines, then doing some piece dringene might

image text in transcribed
A competitive firm is more likely to sinut down during a recension when the demand for its product delines, then doing some piece dringene might be unable to cover its external costs depreciation due to machinery becoming omolote. variable costs fixed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Applied Econometrics

Authors: Aaron D Smith, J Edward Taylor

1st Edition

0520288335, 9780520288331

More Books

Students also viewed these Economics questions

Question

What is meant by organisational theory ?

Answered: 1 week ago

Question

What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago