« previous next »

Author Question: In the long run in a monopolistic competitive industry, a. economic profits will be positive. b. ... (Read 28 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
In the long run in a monopolistic competitive industry,
 a. economic profits will be positive.
  b. price will be driven to zero.
  c. the firm will not operate where MR = MC.
  d. economic profit will be zero.
  e. price will exceed average cost.

Question 2

The amount of money that could have been made by renting a piece of land to be used for building an office building instead of using the land for employee parking is a(n):
 a. implicit cost.
  b. accounting cost.
  c. explicit cost.
  d. pure economic cost.


emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Number of positive, negative, and neutral images recalled by younger, middle-age, and older adults. ... Number of positive, negative, and neutral images recalled by younger, middle-age, and older adults. ...
A Comparison of Economic Systems A Comparison of Economic Systems
economic question economic question
economic question economic question
economic question economic question
Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library