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

Author Question: The price-taking competitive equilibrium of a large number of identical firms implies that (Read 61 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: May 25, 2020

Question 1

A firm that is making normal profit in the long run will have the incentive to
◦ remain in production.
◦ shut down.
◦ produce a different product.
◦ expand output.

Question 2

The price-taking competitive equilibrium of a large number of identical firms implies that
◦ the net revenue of each firm is zero.
◦ no firm can earn more from its assets by investing them elsewhere.
◦ no firm earns supernormal profits in the long run.
◦ B and C
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kellyjaisingh on May 25, 2020

jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: May 25, 2020
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 29% of students answer this correctly


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: May 25, 2020
:D TYSM

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Vacuoles in Plant Cells Are Usually Large Vacuoles in Plant Cells Are Usually Large
Color enhanced X ray of large malignant tumor in the right lung. Color enhanced X ray of large malignant tumor in the right lung.
Hydrostatic Equilibrium Hydrostatic Equilibrium
The proportion of men and women with elevated blood pressure or taking hypertension medication incre The proportion of men and women with elevated blood pressure or taking hypertension medication incre
Norman Bel Geddes, with Dr. Otto Koller, Air Liner Number 4. Norman Bel Geddes, with Dr. Otto Koller, Air Liner Number 4.
Venn diagram representation of 17,067 medium and large clusters of protein Venn diagram representation of 17,067 medium and large clusters of protein
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library