Multiple Choice
Table 13-1
Table 13-1 lists estimated revenues and costs (per week) for plastic vials (100 vials per box) for the Victoria Biological Supplies Company.Victoria sells plastic vials to university and private research laboratories.
-Refer to Table 13-1.Based on the data in the table,which of the following statements is true?
A) The table summarizes Victoria's short-run,rather than long-run,market for plastic vials.
B) Victoria could be either a monopolistically competitive or a perfectly competitive firm.
C) Victoria should shut down temporarily.
D) Victoria should advertise more in order to increase the demand for plastic vials.
Correct Answer:

Verified
Correct Answer:
Verified
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