МCO 21 If the firms operating in a perfectly competitive market are incurring losses, we can infer that: A I do not want to answer this question. B the firms are not sufficiently large to achieve available economies of scale C the firms are currently operating at a rate of production at which MC >P D the firms are operating in the short run E the firms are subject to X-inefficiency in production the firms are currently operating at a rate of production below the profit-maximising level

МCO 21 If the firms operating in a perfectly competitive market are incurring losses, we can infer that: A I do not want to answer this question. B the firms are not sufficiently large to achieve available economies of scale C the firms are currently operating at a rate of production at which MC >P D the firms are operating in the short run E the firms are subject to X-inefficiency in production the firms are currently operating at a rate of production below the profit-maximising level

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 11SQP

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Here is t In a perfectly competitive market, when the price is greater than the minimum average total cost for most firms, some firms will _______ the market until the price ______ to equal the minimum average total cost. exit; falls enter; falls exit; rises enter;rises he graph, is it still answer 1 only?