Question
true or false when firms exit a perfectly competitive market the market price will increase? assume total cost is $20 at 4 units of output
true or false
when firms exit a perfectly competitive market the market price will increase?
assume total cost is $20 at 4 units of output and &24 at 6 units of output between 4 & 6 units of output, marginal cost is less than average cost?
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
