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

Author Question: Will all monopolistic firms always generate economic profits? Why or why ... (Read 27 times)

fagboi

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
Will all monopolistic firms always generate economic profits? Why or why not?

Question 2

The U.S. provides about _____ percent of the annual membership fees of IMF member countries.
 a. 5.6
  b. 10.2
  c. 15.3
  d. 17.3
  e. 22.4


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

No, a monopolistic firm will not necessarily generate an economic profit. If a firm is the only seller but demand falls then the firm may generate an economic loss in the short run. Graphically this type of loss would be illustrated as the demand curve lying below the ATC curve.

Answer to Question 2

d


fagboi

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jun 30, 2018
Thank you


wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
A Comparison of Economic Systems A Comparison of Economic Systems
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library