« previous next »

Author Question: If a firm is producing no output in the short run, then its total costs are zero. Indicate ... (Read 60 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
If a firm is producing no output in the short run, then its total costs are zero.
 
  Indicate whether the statement is true or false

Question 2

An oligopolistic industry is characterized by all of the following except
 
  A) production of standardized or differentiated products.
  B) firms pursuing aggressive business strategies, independent of rivals' strategies.
  C) existence of entry barriers.
  D) the possibility of reaping long-run economic profits.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Use of cell fusion and selection to obtain hybridomas producing monoclonal antib Use of cell fusion and selection to obtain hybridomas producing monoclonal antib
Total body water (TBW) Total body water (TBW)
Health Care Costs for the Elderly and Disabled Health Care Costs for the Elderly and Disabled
Find the lateral area, total surface area, and volume of the frustum Find the lateral area, total surface area, and volume of the frustum
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Video: Complement Proteins Animation

For a complete list of videos, visit our video library