Ifpricesfallinaperfectly competitive industry,then the firmsin that industry will in the short run
A: not decrease in number unless price falls below ATC for some firms.
B: trytoreduceproductionorshutdown.
C: keepoutputatthesamelevelbut makelosses.
D: advertise.
A: not decrease in number unless price falls below ATC for some firms.
B: trytoreduceproductionorshutdown.
C: keepoutputatthesamelevelbut makelosses.
D: advertise.
举一反三
- If, in long run equilibrium, the competitive price of some good is $16.67, then, for each and every firm in the industry,
- A monopolistically competitive industry has A: significant barriers to entry B: differentiated products. C: mutually dependent firms. D: a small number of large firms.
- The short run industry supply curve can be found by horizontally summing the short run supply curves of all the individual firms in the industry.
- In a market with a dominant firm， it makes sense to assume that （ ）。 A: the fringe firms will set the industry price and the dominant firm will take that price as given. B: none of the above C: the dominant firm will set the industry price and the fringe firms will take that price as given. D: the dominant firm will set the industry price and the fringe firms will also make their price.
- 中国大学MOOC: A firm operating in a perfectly competitive industry will continue to operate in the short run but earn losses if the market price is less than that firm’s average variable cost but greater than the firm’s average fixed cost.