Multiple Choice
A firm that is earning positive profits in the short run has an incentive to ________ its scale of operation in the long run.
A) expand
B) contract
C) not change
D) encourage another firm to expand
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q241: A firm will _ in the short
Q242: Engineers for The All-Terrain Bike Company have
Q243: Pappy's Popcorn Emporium operates in a perfectly
Q244: Refer to the data provided in
Q245: Refer to Scenario 9.3 below to answer
Q247: Billy Bob's Fertilizer Engineers, a perfectly competitive
Q248: Refer to the data provided in
Q249: As long as economic profits are being
Q250: A firm stands to lose by operating
Q251: Every point on a U‐shaped long-run average