Question
The profits of firms will ____________ if they are able to sell their output at a higher than expected price. Therefore, the firms will produce
The profits of firms will ____________ if they are able to sell their output at a higher than expected price. Therefore, the firms will produce __________ output in the short run.
a.
decrease, less
b.
decrease, more
c.
decrease at a decreasing rate, less
d.
increase, more
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
9th edition
978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890
