Question 2 (4 points) Assume a firm produces 15 units and sells each one of them for $30 each. Their ATC is $20 and
their AVC is $15.
Total Revenue
Total Cost
Profit or Loss (include the amount, for example, $40 loss)
In the long-run, would other firms enter the market or leave the market?

c, to compete

the hollywood film industry of 1950 was threatened on several different fronts. television broadcasting was rapidly becoming the dominant entertainment medium in the united states. the paramount anti-trust consent decree requiring separate ownership for production companies and theater chains had gone into effect on 1 january 1950. large numbers of young men and women were marrying, having children, and moving to the suburbs, which affected the viability of downtown first-run movie theaters. foreign revenues were endangered by protectionist tactics including quota systems, high taxes, and blocked funds. finally, the morality and patriotism of hollywood films and filmmakers were under attack from government, religious, and citizens' groups.

explanation: