« previous next »

Author Question: In the long-run equilibrium in perfect competition, consumer surplus is A) positive. B) ... (Read 71 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
In the long-run equilibrium in perfect competition, consumer surplus is
 
  A) positive.
  B) negative.
  C) zero.
  D) less than producer surplus.

Question 2

What is one reason it might be difficult to dissuade people from pirating music off the Internet?
 
  A) Consumer surplus is very high when music is pirated.
  B) In general, consumers get a rush from stealing.
  C) Consumers mistakenly believe that the Internet is public domain.
  D) Producer surplus is very low when music is pirated.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Succession in the intertidal zone involves colonization and competition for limited space among spec Succession in the intertidal zone involves colonization and competition for limited space among spec
Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
The Hippocampal Formation and Long-Term Potentiation The Hippocampal Formation and Long-Term Potentiation
Varieties of Long-Term Memory Varieties of Long-Term Memory
Homeschooling has come a long way. These children are performing in a musical at the annual ... Homeschooling has come a long way. These children are performing in a musical at the annual ...
Control of Homeostasis: Positive Feedback Control of Homeostasis: Positive Feedback
Video: Genetics of Cancer

For a complete list of videos, visit our video library