In a short run situation in which quantity demanded

Reference no: EM1338414

Profits in competitive firms

In a short-run situation in which quantity demanded equals quantity supplied in a competitive industry, with price greater than the average cost of the typical firm,

A) total profits across the market are negative and some firms will be forced to leave.

B) The profit of the typical firm must nonetheless be zero so that firms neither enter nor leave the market.

C) total profits across the market are positive and some new firms will be attracted to the market.

D) one firm will grow to dominate the market and set both price and quantity.

E) none of the above

Reference no: EM1338414

Questions Cloud

Differences between equity funding and debt funding : Write down the some of the differences between equity funding and debt funding.

Why to outline some general mechanisms of toxicity : What is the significance, while setting threshold for adverse effects, of the fact that, broadly speaking, solid particulates have much longer biological half times than gases and vapours.

Capacity plans for package sorters : UPS is considering 2 capacity plans for package sorters. The first is for 600 packages per hour and the second if for 680 for UPS's one shift per day operation.

Augustan age and stability : How was relative stability maintained during the Augustan Age of the Roman Empire?

In a short run situation in which quantity demanded : In a short run situation in which quantity demanded equals quantity supplied in a competitive industry, with price greater than the average cost of the typical firm,

Find out any media piece that compares structures : Find out any media piece (article, video, presentation, song, or other) related to scientific method and describe how it helped to better understand how the scientific method is used to create hypotheses and experiments.

Evaluating current npv biased : Is the 14.5% cost of capital a real or nominal rate? Is the current NPV biased, and if so, in which direction?

Explain product idea : Explain Product Idea and What is your product and why do you feel the product you have selected is innovative within its industry

Physical locations of archeological dig : How will studying the ancient inhabitants of these areas help understand current populations, cultures, and events?

User Account

All Pages