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Author Question: The owners of sports franchises often complain that free-agency (open bidding for player services) ... (Read 23 times)

BRWH

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on: Jul 1, 2018
The owners of sports franchises often complain that free-agency (open bidding for player services) threatens their profitability and thus their long-run viability. Given your knowledge of perfect competition, which of the following is correct?
 
  A) Team owners might be correct in as much as free-agency bids up the price of players so that economic profits from those players equal zero.
  B) Team owners might be correct in as much as free-agency bids up the price of players so that economic profits from those players is negative.
  C) Team owners are lying, as free-agent salaries are still much too low.
  D) Team owners are telling the truth, as free-agent salaries are much too high.

Question 2

If a firm is in a perfectly competitive world but decides to charge a higher price than its competitors,
 
  A) the firm's profits will be zero or negative, and the firm will fail in the long run.
  B) the firm's profits will be zero or negative, and the firm will fail in the short run.
  C) the firm's profits will be positive or negative, and the firm will fail in the short run.
  D) the firm's profits will be positive or negative, and the firm will fail in the long run.
Microeconomics ¦ Perloff ¦ 8th Edition
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jojobee318

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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BRWH

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

xiaomengxian

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Reply 3 on: Yesterday
Excellent

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