Question : 21) Refer to Table 11-3. If this firm continues to : 1244634
21) Refer to Table 11-3. If this firm continues to produce, what is likely to happen to the product’s price in the long run? A) It will fall. B) It will increase C) It will remain constant. D) It cannot be determined without information on its long run demand curve. 22) Assume price exceeds average variable cost over the relevant range of […]