Solved

In the Long Run,when Will a Profit-Maximizing Firm Choose to Exit

Question 184

Multiple Choice

In the long run,when will a profit-maximizing firm choose to exit a market


A) when average fixed cost is falling
B) when variable costs exceed sunk costs
C) when marginal cost exceeds marginal revenue at the current level of production
D) when total revenue is less than total cost

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions