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

Author Question: Free exit implies that (Read 24 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Apr 19, 2019

Question 1

If the corn industry is perfectly competitive, ________ for corn is downward sloping and ________ is horizontal.


◦ the market demand curve; an individual corn producer's demand curve
◦ an individual corn producer's demand curve; the marginal revenue curve
◦ the marginal cost curve; the marginal revenue curve
◦ marginal revenue curve; average total cost curve

Question 2

Free exit implies that


◦ a perfectly competitive firm can never earn a profit.
◦ if an industry's existing firms make excessively high losses, firms are likely to exit the industry.
◦ the government regulates the number of firms it allows in an industry.
◦ firms will always earn below normal profit, as firms can exit the industry at any time they like.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jwb375 on Apr 19, 2019

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Apr 19, 2019
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.
Answer Preview
Only 49% of students answer this correctly


jwb375

  • Member
  • Posts: 540
Reply 2 on: Apr 19, 2019
:D TYSM

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Free-roaming mustangs (Utah, 2005) Free-roaming mustangs (Utah, 2005)
A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ... A free-running circadian sleep–wake cycle 25.3 hours in duration. Despite living in an unchanging ...
Comparison of free energies of hydrolysis of thioesters and oxygen esters Comparison of free energies of hydrolysis of thioesters and oxygen esters
Glycerolipid/free fatty acid cycle and glyceroneogenesis Glycerolipid/free fatty acid cycle and glyceroneogenesis
Eat Gluten Free Eat Gluten Free
Promise Gluten Free Bread Promise Gluten Free Bread
Video: Arthritis

For a complete list of videos, visit our video library