« previous next »

Author Question: In the long-run equilibrium in perfect competition, consumer surplus is A) positive. B) ... (Read 47 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
In the long-run equilibrium in perfect competition, consumer surplus is
 
  A) positive.
  B) negative.
  C) zero.
  D) less than producer surplus.

Question 2

What is one reason it might be difficult to dissuade people from pirating music off the Internet?
 
  A) Consumer surplus is very high when music is pirated.
  B) In general, consumers get a rush from stealing.
  C) Consumers mistakenly believe that the Internet is public domain.
  D) Producer surplus is very low when music is pirated.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

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

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
The positive correlation between the ability of various neuroleptics to bind to D2 receptors and ... The positive correlation between the ability of various neuroleptics to bind to D2 receptors and ...
Cut view of long bone. Cut view of long bone.
Long noncoding RNAs mediate transcriptional activation Long noncoding RNAs mediate transcriptional activation
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library