每日答題: If price exceeds average costs under pure competition, in the long run ,______ firms will enter the industry, supply will ______, and price will be driven ______. 答案: more ; increase ; down
【題目】 Levi’s jeans sell for $100 a pair. Suppose at the profit maximizing quantity, Levi’s average total cost was $110 and Average variable cost was $55, which statement is true? Levi’s will produce in the short and long run Levi’s will produce in the short run but go out of business in the long run Levi’s will shut down in the short run and go out of business in the long run Levi’s will not produce in the short run and n in the long run
【題目】 Levi’s jeans sell for $100 a pair. Suppose at the profit maximizing quantity, Levi’s average total cost was $110 and Average variable cost was $55, which statement is true? Levi’s will shut down in the short run and go out of business in the long run Levi’s will not produce in the short run and n in the long run Levi’s will produce in the short and long run Levi’s will produce in the short run but go out of business in the long run ---答案