FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Which one of the following describes when a rational entrepreneur should enter a competitive industry? A. P > AVC B. P > MC C. P

Which one of the following describes when a rational entrepreneur should enter a competitive industry?

A. P > AVC

B. P > MC

C. P > ATC

D. P > AFC

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Entrepreneurship

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

9781119563099

Students also viewed these Economics questions

Question

Basebal salaries 2009. Baseball is big business, and the top salaries have become quite large. The highest salaries (in millions of dollars per season) for some notable players since 1980 are given...

Answered: 1 week ago

Question

★★★★★
Nadeau Company, a small company following ASPE, is adjusting and correcting its books at the end of 2017. In reviewing its records, it compiles the following information. 1. Nadeau has failed to...

Answered: 1 week ago

Question

★★★★★
Share any preventive maintenance measures you have done in the past or continue to do to protect your computer from hardware and/or software issues/failures, such as a slow computer, application not...

Answered: 1 week ago

Question

★★★★★
Find the 24th term of the AP 12 ,16, 20, 24

Answered: 1 week ago

Question

★★★★★
Suppose you wake-up one morning and all news outlets are reporting the following: Congress has just passed & the president has approved legislation that would change the U. S. currency. Now, instead...

Answered: 1 week ago

Question

★★★★★
Which of the following is clearly an absolute criterion that must be met? Multiple Choice The employee Wellness Center must cost less than $250,000 to build. The band for the picnic should be able to...

Answered: 1 week ago

Question

★★★★★
Conrad sends his quality control manager to Mexico to ensure the quality of a new manufacturer is meeting specifications. Which risk is Conrad addressing? Question 20 options: Process risk Control...

Answered: 1 week ago

Question

★★★★★
Exercise 5-4 Allocation of Cost and Workpaper Entries at Date of Acquisition On January 1, 2012, Porter Company purchased an 80% interest in Salem Company for $260,000. On this date, Salem Company...

Answered: 1 week ago

Question

★★★★★
One World Not Three (OWNT) Relief Fund is an international nonprofit relief agency based in the United States. OWNT recently celebrated its tenth anniversary and is in the middle of trying to expand...

Answered: 1 week ago

Previous Question Next Question