Chapter 14. Quick Check Multiple Choice. Frims in Competitive Markets

[@fruitsoffunny]

Wow, this is really helpful. Damn.

[@cesarruiz3393]

thank you very much, this really helped me on my class.

[@diptimayeegochhi8737]

Wow this is helpful to me

[@sahilnarang2986]

Q5. AVC is not different from ATC in long-run. But in the figure, you have shown why?

[@920lokhei6]

thank you for question 6

[@saimzaidi4580]

dont you think the answer of q6 is A?in long run there is no fixed cost. so how can it affect the long run?

[@saimzaidi4580]

I am sorry I did not get the point. How can firms not exiting the market cancel the effect of the fixed cost? Can you explain this plewse? I have an exam tomorrow

[@prashant955]

A should be the answer I guess.. Fixed cost is part of total cost.. So customer will buy less in short run.. But in long run asvi said there is no fixed cost and firm is above equilibrium in long run, it will not be impacted

[@aubachkhiet5273]

thank you so much

[@djd2860]

Chapter 14 is Monopoly