Multiple Choice
If a typical firm has TC given by q2 + 5q + 25 and the price in the competitive market is 25, then:
A) there will be entry as firms are making a loss.
B) there will be exit as firm are making a loss.
C) there will be entry as firms are making a profit.
D) there will be exit as firms are making a profit.
Correct Answer:
Verified
Correct Answer:
Verified
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