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

Author Question: In both perfect competition and monopoly, a firm: a. maximizes profit by equating marginal revenue ... (Read 88 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
In both perfect competition and monopoly, a firm:
 a. maximizes profit by equating marginal revenue to marginal cost.
 b. will shut down in the short run if price is less than average variable cost.
  c. will always earn a zero economic profit.
 d. will be characterized by both (a) and (b).

Question 2

When dealing with strategic trade policy, one practical problem for government is the likelihood of retaliation by foreign governments.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Wow, this really help

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

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?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Competition in a forest can be as intense as competition on a coral reef. However, much of the compe Competition in a forest can be as intense as competition on a coral reef. However, much of the compe
Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital" Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
"Practice makes perfect" "Practice makes perfect"
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Perfect Circles Perfect Circles
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library