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 44 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?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

economic question economic question
economic question economic question
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Hemodynamics Animation

For a complete list of videos, visit our video library