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

Author Question: The most prevalent market structures in the U.S. economy are perfect competition and monopolistic ... (Read 119 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
The most prevalent market structures in the U.S. economy are perfect competition and monopolistic competition.
 
  Indicate whether the statement is true or false

Question 2

Agave, Six Feet Under, Globe, Silk, Sotto Sotto and Zocalo are all restaurants in Atlanta. Suppose at the profit maximizing quantity, Zocalo charges 22 for each dinner entre, and its ATC is equal to 24. What should Zocalo do?
 
  A) Cannot determine whether Zocalo should stay open or shut down in short run, but Zocalo should go out of business in the long run.
  B) Produce in the short run and go out of business in the long run.
  C) Shut down in the short run and go out of business in the long run.
  D) Cannot determine whether Zocalo's should stay open or shut down in the short or long run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

onowka

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
Wow, this really help

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i
Structures of the internal nose, mouth, and throat. Structures of the internal nose, mouth, and throat.
Structures of a cell. Structures of a cell.
Immunoglob​ulin Structures Immunoglob​ulin Structures
Japan’s Economy and Society Japan’s Economy and Society
Resonance structures Resonance structures
Video: baroreceptors

For a complete list of videos, visit our video library