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Author Question: The automobile, steel, and oil markets are all examples of: a. perfectly competitive markets. b. ... (Read 153 times)

karlynnae

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on: Jun 30, 2018
The automobile, steel, and oil markets are all examples of:
 a. perfectly competitive markets.
  b. monopolies.
  c. monopolistically competitive markets.
  d. oligopolies.

Question 2

Economists say that a firm has a normal profit when:
 a. it earns a return of at least 10 percent.
  b. its accounting profit is positive.
  c. it can pay all its variable costs.
  d. its economic profit is zero.


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mfedorka

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


karlynnae

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

juliaf

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Reply 3 on: Yesterday
Excellent

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