Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.
Tags
#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit
Question
in the long run, at any price below the breakeven point, the firm will [...].
Answer
exit the market
i.e., the firm will no longer participate in the market.
i.e., the firm will no longer participate in the market.
Tags
#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit
Question
in the long run, at any price below the breakeven point, the firm will [...].
Answer
?
Tags
#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit
Question
in the long run, at any price below the breakeven point, the firm will [...].
Answer
exit the market
i.e., the firm will no longer participate in the market.
i.e., the firm will no longer participate in the market.
If you want to change selection, open original toplevel document below and click on "Move attachment"
in the long run, at any price below the breakeven point, the firm will exit the market, i.e., the firm will no longer participate in the market.
y absorb the unavoidable fixed costs. This problem occurs at output Q 1 , which corresponds to point C where price is less than average variable cost. However, in the long run, to remain in business, the price must cover all costs. Therefore, <span>in the long run, at any price below the breakeven point, the firm will exit the market, i.e., the firm will no longer participate in the market. Point D, which corresponds to output Q 3 , is a position where economic profit occurs because price is greater than ATC. In the case of perfect competition, th
Parent (intermediate) annotation
Open itin the long run, at any price below the breakeven point, the firm will exit the market, i.e., the firm will no longer participate in the market.
Original toplevel document
Open ity absorb the unavoidable fixed costs. This problem occurs at output Q 1 , which corresponds to point C where price is less than average variable cost. However, in the long run, to remain in business, the price must cover all costs. Therefore, <span>in the long run, at any price below the breakeven point, the firm will exit the market, i.e., the firm will no longer participate in the market. Point D, which corresponds to output Q 3 , is a position where economic profit occurs because price is greater than ATC. In the case of perfect competition, th
Summary
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |
Details
No repetitionsDiscussion
Do you want to join discussion? Click here to log in or create user.