This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Unlike perfectly competitive firms, monopolists can a. earn positive short-run economic profit even ... (Read 107 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Unlike perfectly competitive firms, monopolists can
 a. earn positive short-run economic profit even if price is less than average variable cost at all rates of output
  b. sell any quantity of output at any price they choose
  c. earn long-run economic profits
  d. reduce the sales of other firms in the industry through advertising
  e. face a perfectly elastic demand curve

Question 2

The first federal antitrust law enacted in the United States was:
 a. The Clayton Act
  b. Thr Sherman Antitrust Act
  c. The Robinson Patman Act
  d. The Federal Trade Commission Act
  e. The Herfindahl-Hirschman Act


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f
Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ... Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ...
Positive and Negative Punishment Positive and Negative Punishment
economic question economic question
economic question economic question
economic question economic question
Video: baroreceptors

For a complete list of videos, visit our video library