(Table: Decision to Enter) Use the table. A firm is considering whether to enter an industry, with the conditions upon entry set forth in the table. Entering the industry would require the firm to pay $800 per day in fixed costs. This firm should ________ the industry because its profits would be ________ per day.
A) not enter; -$1,350
B) not enter; -$800
C) enter; $700
D) enter; $150

Question

(Table: Decision to Enter) Use the table. A firm is considering whether to enter an industry, with the conditions upon entry set forth in the table. Entering the industry would require the firm to pay $800 per day in fixed costs. This firm should ________ the industry because its profits would be ________ per day. 
A) not enter; -$1,350 
B) not enter; -$800 
C) enter; $700 
D) enter; $150

Quizplus · Accepted Answer

The Answer of (Table: Decision to Enter) Use the table. A firm is considering whether to enter an industry, with the conditions upon entry set forth in the table. Entering the industry would require the firm to pay $800 per day in fixed costs. This firm should ________ the industry because its profits would be ________ per day. 
A) not enter; -$1,350 
B) not enter; -$800 
C) enter; $700 
D) enter; $150

(Table: Decision to Enter) Use the Table