Answer:
The answer is C. can earn profits or incur losses in the short run.
Explanation:
A monopolist maximizes profit or minimizes losses by producing that quantity that corresponds to when marginal revenue = marginal cost. However, if the average total cost is above the market price, then the firm will incur losses, equal to the average total cost minus the market price multiplied by the quantity produced
Answer:
Class I recall
Explanation:
The Food and Drug Administration (FDA) classifies recalls into three categories:
- Class I: products that may cause serious injuries or even death.
- Class II: products that may cause serious injury or temporary illness.
- Class III: products that are unlikely to cause serious injury or temporary illness, but still violate current FDA regulations.
Answer:
the difference between the value of the assets and the amount of liabilities of something owned