« previous next »

Author Question: It is relatively easy for firms to enter and exit a perfectly competitive market. a. True b. False ... (Read 106 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
It is relatively easy for firms to enter and exit a perfectly competitive market.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When does a resource earn only economic rent?
 a. When the supply curve of the resource is relatively elastic
  b. When the supply curve of the resource is horizontal
  c. When the supply curve of the resource is vertical
  d. When the supply curve of the resource is relatively inelastic
  e. When the supply curve of the resource is backward bending


ong527

  • Sr. Member
  • ****
  • Posts: 285
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
(a) In normal nerve conduction, sodium ions (Na+) enter the sodium channels along a neuron and ... (a) In normal nerve conduction, sodium ions (Na+) enter the sodium channels along a neuron and ...
Easy way to remember to formula to calculate volume of a cylinder Easy way to remember to formula to calculate volume of a cylinder
Anterosuperior view of false pelvis (pink) Anterosuperior view of false pelvis (pink)
A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ... A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ...
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library