« previous next »

Author Question: If a firm is producing no output in the short run, then its total costs are zero. Indicate ... (Read 112 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
If a firm is producing no output in the short run, then its total costs are zero.
 
  Indicate whether the statement is true or false

Question 2

An oligopolistic industry is characterized by all of the following except
 
  A) production of standardized or differentiated products.
  B) firms pursuing aggressive business strategies, independent of rivals' strategies.
  C) existence of entry barriers.
  D) the possibility of reaping long-run economic profits.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

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?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
A subdural hematoma. A meningeal vein is ruptured and blood has accumulated in the subdural space, p A subdural hematoma. A meningeal vein is ruptured and blood has accumulated in the subdural space, p
Economic Costs of CVD Economic Costs of CVD
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library