Which of the following indicates an extremely profitable market in the short-run? a. Many more firms leave the market than join it. b. A great many firms rush to join the market. c. The number of firms in the market remains stable. d. A few more firms join market than leave it.

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Which of the following indicates an extremely
profitable market in the short-run?
a. Many more firms leave the market than join
it.
b. A great many firms rush to join the market.
c. The number of firms in the market remains
stable.
d. A few more firms join market than leave it.
How can a firm avoid fixed costs in the long
run?
a. by incorporating
b. by exiting
c. by shutting down
d. by expanding
Transcribed Image Text:Which of the following indicates an extremely profitable market in the short-run? a. Many more firms leave the market than join it. b. A great many firms rush to join the market. c. The number of firms in the market remains stable. d. A few more firms join market than leave it. How can a firm avoid fixed costs in the long run? a. by incorporating b. by exiting c. by shutting down d. by expanding
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