Answer to Question 1
An unregulated monopoly can make an economic profit in the long run. The fact that the monopoly is protected by a barrier to entry allows the firm to make an economic profit in the long run. If the monopoly is making an economic profit, other competitors want to enter the market but the barrier to entry keeps them out.
Answer to Question 2
There is no relationship between marginal cost and fixed cost. Marginal cost examines the change in total costs from a change in output. Fixed costs remain the same even when output changes.
With tough economic times, a lot of people have lost their jobs—and their homes. If this happens, ...
Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone.
Unregulated populations "J-shaped curve"
Which of the 3 structures shown below has the shortest bond length? Justify your answer.
economic question
economic question (having trouble)