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

Author Question: A perfectly competitive firm produces so that its marginal cost equals the price. Indicate ... (Read 164 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
A perfectly competitive firm produces so that its marginal cost equals the price.
 
  Indicate whether the statement is true or false

Question 2

Under an average cost pricing rule, a regulated natural monopoly ________ and there is ________.
 
  A) makes an economic profit; a deadweight loss
  B) makes zero economic profit; no deadweight loss
  C) makes zero economic profit; a deadweight loss.
  D) incurs an economic loss; no deadweight loss


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stano32

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
Wow, this really help

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Firm handshake Firm handshake
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
question in cost accounting question in cost accounting
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library