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Author Question: In the long run in perfect competition, no firm can earn a normal profit. a. True b. ... (Read 95 times)

Mollykgkg

  • Hero Member
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on: Jun 30, 2018
In the long run in perfect competition, no firm can earn a normal profit.
 a. True
  b. False

Question 2

Rent-seeking activities are socially wasteful because they use scarce resources but do not add to society's output.
 a. True
  b. False


memslove

  • Sr. Member
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  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


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