Airplanes Unlimited purchases airplane parts from a supplier on March 19 at a quantity of 4,800 parts at $12.50 per part. a) Firms can enter and exit the market in the long run, but not in the short run. C) is powerless to alter its own rate of production. Allocative Efficiency requires production at Qe where P = MC. If ATC > MC and you want to achieve Qso, you'll need to offer a lump sum subsidy with the price ceiling, best option: Operate at Q (socially optimal), Can't only use a price ceiling if P
March 11, 2023jacqueline moore obituary