« previous next »

Author Question: Long-run equilibrium for a perfectly competitive firm occurs when a. P = MC = MR = ATC b. MC = MR ... (Read 47 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Long-run equilibrium for a perfectly competitive firm occurs when
 a. P = MC = MR = ATC
  b. MC = MR = AFC = ATC
  c. MC = MR = P > ATC
  d. P > MC > MR > ATC
  e. TR > TC

Question 2

The actual deadweight loss from monopoly in the U.S. may be greater than calculated estimates because some
 a. monopolies experience strong economies of scale
  b. monopolists spend resources to secure and maintain their monopoly
  c. monopolists may purposely keep price lower than its profit-maximizing level, in order to increase barriers to entry
  d. monopolists' markets are contestable
  e. monopolists' prices and profits are regulated by the government


DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Associative Long-Term Potentiation Associative Long-Term Potentiation
The transition between steps usually occurs at a temperature that would not interfere with cold ... The transition between steps usually occurs at a temperature that would not interfere with cold ...
The opening of the throttle plate can be delayed as long as 30 milliseconds (0.030 sec) to allow ... The opening of the throttle plate can be delayed as long as 30 milliseconds (0.030 sec) to allow ...
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ... A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ...
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library