This topic contains a solution. Click here to go to the answer

Author Question: Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit. ... (Read 123 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit.
 
  Indicate whether the statement is true or false

Question 2

If a marginal cost pricing rule is imposed on the natural monopoly in the figure above, then the price will be
 
  A) 2.
  B) 4.
  C) 5.
  D) 6.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

TRUE

Answer to Question 2

A




nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library