To protect economic profits A) a firm should try to acquire a ...

[Collmarie]

To protect economic profits
 A) a firm should try to acquire a barrier to entry.
  B) a firm should limit substitutes.
  C) a firm should have a patent if possible.
  D) all of these choices.

Question 2

To maximize total revenue
 A) should produce where MR=MC.
  B) should produce where MR=P.
  C) a firm should produce where MR=0.
  D) should produce where P=ATC.

[amandalm]

Answer to Question 1

D

Answer to Question 2

C

[Collmarie]

Thanks for the timely response, appreciate it

[bdobbins]

Great answer, keep it coming