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

Author Question: The most prevalent market structures in the U.S. economy are perfect competition and monopolistic ... (Read 111 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
The most prevalent market structures in the U.S. economy are perfect competition and monopolistic competition.
 
  Indicate whether the statement is true or false

Question 2

Agave, Six Feet Under, Globe, Silk, Sotto Sotto and Zocalo are all restaurants in Atlanta. Suppose at the profit maximizing quantity, Zocalo charges 22 for each dinner entre, and its ATC is equal to 24. What should Zocalo do?
 
  A) Cannot determine whether Zocalo should stay open or shut down in short run, but Zocalo should go out of business in the long run.
  B) Produce in the short run and go out of business in the long run.
  C) Shut down in the short run and go out of business in the long run.
  D) Cannot determine whether Zocalo's should stay open or shut down in the short or long run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

onowka

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
Gracias!

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Succession in the intertidal zone involves colonization and competition for limited space among spec Succession in the intertidal zone involves colonization and competition for limited space among spec
The Old River Flood Control Structures The Old River Flood Control Structures
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Structures of a typical cell. Structures of a typical cell.
Migration and Global Economy Migration and Global Economy
Crystal structures of SecY complex in “closed” and “open” conformations Crystal structures of SecY complex in “closed” and “open” conformations
Video: Pericarditis

For a complete list of videos, visit our video library