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Author Question: In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic ... (Read 106 times)

codyclark

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on: Jun 29, 2018
In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic profit will be
 
  A) zero.
  B) between zero and 50 per day.
  C) greater than 50 per day.
  D) some amount that cannot be determined without more information.

Question 2

In the figure above, the Lorenz curve that shows the least inequality, but NOT perfect equality, is
 
  A) curve A.
  B) curve B.
  C) curve C.
  D) curve D.


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vkodali

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


codyclark

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
Gracias!

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