« previous next »

Author Question: Long-run equilibrium for a perfectly competitive firm occurs when a. P = MC = MR = ATC b. MC = MR ... (Read 27 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Long-run equilibrium for a perfectly competitive firm occurs when
 a. P = MC = MR = ATC
  b. MC = MR = AFC = ATC
  c. MC = MR = P > ATC
  d. P > MC > MR > ATC
  e. TR > TC

Question 2

The actual deadweight loss from monopoly in the U.S. may be greater than calculated estimates because some
 a. monopolies experience strong economies of scale
  b. monopolists spend resources to secure and maintain their monopoly
  c. monopolists may purposely keep price lower than its profit-maximizing level, in order to increase barriers to entry
  d. monopolists' markets are contestable
  e. monopolists' prices and profits are regulated by the government


DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Bone Healing Animation

For a complete list of videos, visit our video library