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MMLU-Pro / 7502 / If the market price is above the perfectly competitive firm's average total cost…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

If the market price is above the perfectly competitive firm's average total cost curve, we expect that in the long run,

category

economics

options

  1. there is no predictable change in the industry.
  2. the industry stays the same as firms exit the market.
  3. the industry contracts as no firms enter or exit the market.
  4. the industry expands as firms exit the market.
  5. the industry stays the same as firms enter the market.
  6. the industry expands as firms enter the market.
  7. the industry contracts as firms exit the market.
  8. the industry contracts as firms enter the market.
  9. the industry expands and contracts simultaneously as firms enter and exit.
  10. the industry expands but no firms enter or exit the market.

src

ori_mmlu-high_school_microeconomics

Discussion

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Source and history

upstream_id / Original problem ID
7502
task_id
c7d7f51d-3bc3-5846-ae24-703cfbb11210
task_key
default--test--7502
task_revision_id
1
config / split
default / test

Official source

initial import