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

Author Question: For the following, please answer "True" or "False" and explain why.The long-run supply curve in a ... (Read 60 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
on: Mar 14, 2021

Question 1

Which of the following statements about profit maximizing firms in a competitive market is FALSE?
◦ Firms earn no economic profit in the long run.
◦ Marginal revenue does not have to equal marginal cost.
◦ p - MC = 0.
◦ Price equals marginal revenue.

Question 2

For the following, please answer "True" or "False" and explain why.


The long-run supply curve in a competitive market is upward-sloping.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joblessjake on Mar 14, 2021

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Mar 14, 2021
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


joblessjake

  • Member
  • Posts: 555
Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
Long bones develop from several bony centers--one for the shaft and at least one for each end. The e Long bones develop from several bony centers--one for the shaft and at least one for each end. The e
The opening of the throttle plate can be delayed as long as 30 milliseconds (0.030 sec) to allow ... The opening of the throttle plate can be delayed as long as 30 milliseconds (0.030 sec) to allow ...
Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ... Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
Answer the image Answer the image
Video: Fertilization and Development

For a complete list of videos, visit our video library