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

Author Question: In the long run, a monopoly (Read 17 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Apr 19, 2019

Question 1

In the short run, when a monopolist incurs a loss, it will


◦ always shut down.
◦ always produce where marginal cost equals marginal revenue.
◦ produce as long as total revenue is sufficient to cover variable costs.
◦ produce as long as total revenue is sufficient to cover fixed costs.

Question 2

In the long run, a monopoly


◦ will always earn zero economic profits.
◦ may earn positive economic profits due to entry barriers.
◦ will never exit the industry.
◦ will yield an efficient outcome.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bobbie on Apr 19, 2019

s.meritte

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


bobbie

  • Member
  • Posts: 592
Reply 2 on: Apr 19, 2019
:D TYSM

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
Varieties of Long-Term Memory Varieties of Long-Term Memory
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library