A.earn positive economic profits in the short run.
B.maximize economic profits by colluding with the other firms and operating as a single seller.
C.differentiate its product based on price or quality.
第1题
A.decrease output at both factories.
B.decrease output at the Paris factory and increase output at the Munich factory.
C.increase output at the Paris factory and decrease output at the Munich factory.
第2题
A.adopt a marginal cost pricing strategy, which will decrease consumer surplus.
B.increase price, decrease consumer surplus, and increase producer surplus.
C.reduce output, create a deadweight loss, and decrease both producer and consumer surplus.
第3题
A.AVC and ATC are at their minimum points
B.AVC is at its minimum point and ATC is increasing
C.ATC is at its minimum point and AVC is decreasing
第4题
A.positive, and for substitutes the cross elasticity of demand is negative
B.negative, and for substitutes the cross elasticity of demand is negative
C.negative, and for substitutes the cross elasticity of demand is positive
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