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

Author Question: Unlike perfectly competitive firms, monopolists can a. earn positive short-run economic profit even ... (Read 73 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Unlike perfectly competitive firms, monopolists can
 a. earn positive short-run economic profit even if price is less than average variable cost at all rates of output
  b. sell any quantity of output at any price they choose
  c. earn long-run economic profits
  d. reduce the sales of other firms in the industry through advertising
  e. face a perfectly elastic demand curve

Question 2

The first federal antitrust law enacted in the United States was:
 a. The Clayton Act
  b. Thr Sherman Antitrust Act
  c. The Robinson Patman Act
  d. The Federal Trade Commission Act
  e. The Herfindahl-Hirschman Act


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
Gracias!

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

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.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Non-competitive inhibition Non-competitive inhibition
Short, Upbeat Massage Sessions can Improve Mental Alertness. Short, Upbeat Massage Sessions can Improve Mental Alertness.
economic question economic question
economic question economic question
economic question economic question
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library