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

Author Question: If a firm doesn't make an economic profit it will shut down. Indicate whether the statement is ... (Read 52 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: Jul 1, 2018
If a firm doesn't make an economic profit it will shut down.
 
  Indicate whether the statement is true or false

Question 2

If a Cournot duopolist announced that it will double its output,
 
  A) it becomes the leader.
  B) the other firm does not view the announcement as credible.
  C) the other firm will shut down.
  D) the other firm will double output also.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. The firm compares its losses from operating with its losses when shutting down and will shut down if the latter loss is less.

Answer to Question 2

B


chads108

  • Member
  • Posts: 507
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

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.

Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Two wells are filled with the same antigen, and when they diffuse to the antibody, they make a line ... Two wells are filled with the same antigen, and when they diffuse to the antibody, they make a line ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
economic question economic question
economic question economic question
economic question economic question
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library