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Author Question: A perfectly competitive firm in the short-run can earn: a. positive economic profits. b. negative ... (Read 82 times)

arivle123

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A perfectly competitive firm in the short-run can earn:
 a. positive economic profits.
  b. negative economic profits.
  c. zero economic profits.
  d. all of these are possible

Question 2

If a consumer's purchases of a product increases as income increases, this good is classified as a(n):
 a. superior good.
  b. inferior good.
  c. substitute good.
  d. complementary good.
  e. normal good.



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emily12345

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Answer to Question 1

d

Answer to Question 2

e




arivle123

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Reply 2 on: Jun 30, 2018
Excellent


ecabral0

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Reply 3 on: Yesterday
Gracias!

 

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