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

Author Question: If perfectly competitive firms are entering or exiting a market, it must be true that the market (Read 39 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: May 24, 2019
If perfectly competitive firms are entering or exiting a market, it must be true that the market
◦ is in the short run.
◦ is in the long run.
◦ is in the short run only if the firms' economic profits equal $0.
◦ is in the long run only if the firms' economic profits are positive.
◦ is in a long-run equilibrium because average variable costs are no longer relevant.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joesmith1212 on May 24, 2019

Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: May 24, 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 56% of students answer this correctly


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: May 24, 2019
Excellent

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

competitive inhibition competitive inhibition
Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ... A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ...
Competitive firms and maximization Competitive firms and maximization
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Iraqi market Iraqi market
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library