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

Author Question: If a firm in monopolistic competition is making an economic profit, (Read 89 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: May 24, 2019
If a firm in monopolistic competition is making an economic profit,
◦ it is in the long run.
◦ other firms can enter the market.
◦ it can do so because it is "monopolistic" and other firms will have a hard time competing with it.
◦ its average cost must exceed its marginal cost.
◦ The question errs because firms in monopolistic competition cannot make an economic profit.
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 madam-professor on May 24, 2019

irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
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


madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: May 24, 2019
Thank you!


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Firm handshake Firm handshake
economic question economic question
economic question economic question
economic question economic question
economic question economic question
The 18 exons making up the gene encoding the LDL receptor protein The 18 exons making up the gene encoding the LDL receptor protein
Video: Pericarditis

For a complete list of videos, visit our video library