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Author Question: Will all monopolistic firms always generate economic profits? Why or why ... (Read 49 times)

fagboi

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on: Jun 30, 2018
Will all monopolistic firms always generate economic profits? Why or why not?

Question 2

The U.S. provides about _____ percent of the annual membership fees of IMF member countries.
 a. 5.6
  b. 10.2
  c. 15.3
  d. 17.3
  e. 22.4


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wfdfwc23

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Reply #1 on: Jun 30, 2018
Answer to Question 1

No, a monopolistic firm will not necessarily generate an economic profit. If a firm is the only seller but demand falls then the firm may generate an economic loss in the short run. Graphically this type of loss would be illustrated as the demand curve lying below the ATC curve.

Answer to Question 2

d


fagboi

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Reply #2 on: Jun 30, 2018
Thank you


wfdfwc23

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Reply #3 on: Jun 30, 2018
No problemo


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