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 32 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
Gracias!

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Make your mitochondria proud! Make your mitochondria proud!
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library