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Here are the best resources to pass ECON 203 Quiz 2 (ECON 203). Find ECON 203 Quiz 2 (ECON 203) study guides, notes, assignments, and much more.
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ECONOMICS 203 Midterm Exam Quiz 2 Questions and Answers
Exam (elaborations) • 10
pages
• 2021
Quiz Submissions - Quiz #2 ~ ECON 203





Chapter 8

Question 1		1 / 1 point

If a firm's revenues do not cover its average variable costs, then that firm has reached its _________________ .

		a) 	price taking point



 		b) 	shutdown point



		c) 	opportunity margin



		d) 	marginal point



Chapter 8 perfectly competitive market,

Question 2		1 / 1 point

If a perfectly competitive firm is a price taker, then

 		a) 	pressure from competing firms will force acceptance of the preva...
ECONOMICS 203 Midterm Exam Quiz 2 Questions and Answers
Last document update:
ago
Quiz Submissions - Quiz #2 ~ ECON 203





Chapter 8

Question 1		1 / 1 point

If a firm's revenues do not cover its average variable costs, then that firm has reached its _________________ .

		a) 	price taking point



 		b) 	shutdown point



		c) 	opportunity margin



		d) 	marginal point



Chapter 8 perfectly competitive market,

Question 2		1 / 1 point

If a perfectly competitive firm is a price taker, then

 		a) 	pressure from competing firms will force acceptance of the preva...