This topic contains a solution. Click here to go to the answer

Author Question: If a monopolist is forced to set price equal to average total cost, economic profit a. will be ... (Read 57 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
If a monopolist is forced to set price equal to average total cost, economic profit
 a. will be negative, and the monopolist may go out of business
  b. will be zero
  c. will be positive
  d. will be negative, and the firm will stay in business if there are significant fixed costs
  e. may be positive, negative, or zero

Question 2

In the short run, a perfectly competitive firm will always shut down if, at all positive output levels, total revenue is
 a. less than total cost
  b. less than total cost but greater than variable cost
  c. less than total cost but greater than fixed cost
  d. greater than fixed cost
  e. less than variable cost



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Fayaz00962

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

B

Answer to Question 2

E




james9437

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
:D TYSM


skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library