« previous next »

Author Question: A firm that minimizes average cost will not survive in the long run. a. True b. ... (Read 126 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jun 30, 2018
A firm that minimizes average cost will not survive in the long run.
 a. True
  b. False

Question 2

When firms in an industry produce differentiated products,
 a. long-run economic profit will always be zero
  b. short-run economic profit will always be positive
  c. the demand curves facing firms will always be perfectly elastic
  d. the demand curves facing firms will always be downward-sloping
  e. new firms will always have an incentive to enter the industry in the long run


Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Overview of material uptake and long-distance transport processes in plants Overview of material uptake and long-distance transport processes in plants
An albino alligator could survive only in captivity. An albino alligator could survive only in captivity.
Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
Long-Term Potentiation and Long-Term Depression Long-Term Potentiation and Long-Term Depression
Long-range forecasts Long-range forecasts
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library