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Author Question: To protect economic profits A) a firm should try to acquire a barrier to entry. B) a firm should ... (Read 222 times)

Collmarie

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on: Jun 30, 2018
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.


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amandalm

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Collmarie

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Reply 2 on: Jun 30, 2018
Gracias!

amit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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