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Author Question: Under rate-of-return regulation, the price is set so that A) price equals the marginal cost of ... (Read 75 times)

serike

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on: Jun 29, 2018
Under rate-of-return regulation, the price is set so that
 
  A) price equals the marginal cost of production.
  B) the firm earns a positive economic profit.
  C) the firm earns a monopoly profit.
  D) the firm earns a normal rate of return on investment.

Question 2

In the above figure, this profit-maximizing monopolistic competitive firm will realize an economic profit of
 
  A) -1,400.
  B) 2,100.
  C) 1,400.
  D) 700.


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sultansheikh

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


serike

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Reply 2 on: Jun 29, 2018
Wow, this really help

bigcheese9

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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