« previous next »

Author Question: If a perfectly competitive firm is incurring a short-run loss, it a. then will incur a long-run ... (Read 43 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
If a perfectly competitive firm is incurring a short-run loss, it
 a. then will incur a long-run loss
  b. will shut down
  c. will continue to operate in the short run if its fixed cost is covered
  d. will continue to operate in the short run if its variable cost is covered
  e. will raise its price in the short run

Question 2

One likely result of monopoly power is
 a. a wide variety of substitute products from which consumers can choose
  b. an elimination of barriers to industry entry
  c. a decline in government regulation
  d. a higher price than would exist in a competitive industry
  e. an improvement in allocative efficiency


joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Long-wattled Umbrellabird Long-wattled Umbrellabird
Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ... Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ...
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
How Long Do You Ovulate After Your Period? How Long Do You Ovulate After Your Period?
Long noncoding RNAs mediate transcriptional activation Long noncoding RNAs mediate transcriptional activation
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Complement Proteins Animation

For a complete list of videos, visit our video library