This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If an activity has an external benefit, such as education, a tax on that activity can lead to the ... (Read 110 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If an activity has an external benefit, such as education, a tax on that activity can lead to the efficient level of output being produced.
 
  Indicate whether the statement is true or false

Question 2

What factor(s) enable a monopoly to make an economic profit in the long run?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

recede

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

Monopolies can make an economic profit in the long run because of barriers to entry. Barriers to entry keep other firms from entering the industry and driving down the price and profits.


codyclark

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 29, 2018
Thank you :)


recede

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Measuring the Activity of Feature Detection Cells Measuring the Activity of Feature Detection Cells
Internal and External Loci of Control Internal and External Loci of Control
Actions of glucagon in liver that lead to a rise in blood glucose Actions of glucagon in liver that lead to a rise in blood glucose
Physical Activity Pyramid Physical Activity Pyramid
Mechanism of Enzyme Activity Mechanism of Enzyme Activity
DNA polymerase proofreading activity DNA polymerase proofreading activity
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library