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

Author Question: Entry of new firms will occur in a monopolistic competitive industry until: a. marginal cost equals ... (Read 73 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
Entry of new firms will occur in a monopolistic competitive industry until:
 a. marginal cost equals zero.
  b. marginal revenue equals zero.
  c. marginal revenue equals marginal cost.
  d. economic profit equals zero.
  e. economic profit is negative.

Question 2

Payments to nonowners of a firm are called:
 a. implicit costs.
  b. accounting costs.
  c. explicit costs.
  d. economic costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


student77

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Wow, this really help

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Changes that occur during an action potential. Changes that occur during an action potential.
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Bone fractures that occur before death show signs of healing. The process of fracture healing starts Bone fractures that occur before death show signs of healing. The process of fracture healing starts
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Regulation can occur at any stage in the expression of genetic material in eukaryotes Regulation can occur at any stage in the expression of genetic material in eukaryotes
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library