Answered step by step
Verified Expert Solution
Question
1 Approved Answer
firms are leaving a perfect competitive industry .this suggests that for these firms: A average revenue exceeds marginal revenue B marginal revenue exceeds average revenue
firms are leaving a perfect competitive industry .this suggests that for these firms:
A average revenue exceeds marginal revenue
B marginal revenue exceeds average revenue
C average fixed cost exceeds average revenue
D average variable cost exceeds average revenue
E average cost equal average revenue
answer ?
And explanation ,please ,thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started