Author Question: Monopolists, unlike perfectly competitive firms, can continue to earn positive economic profits over ... (Read 97 times)

j.rubin · **on:** Jun 30, 2018

Monopolists, unlike perfectly competitive firms, can continue to earn positive economic profits over time.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Firms in industrial countries find a larger market for their goods in other industrial countries than in developing countries because:
a. the consumption patterns in the industrial countries are highly heterogeneous.
b. the trade policies of the industrial nations are more favorable than the developing countries.
c. the industrial countries tend to have a higher population than the developing countries.
d. the industrial countries are capital intensive countries.
e. the consumption patterns in the industrial countries are more or less uniform.