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

Author Question: If perfectly competitive lawn care firms are making an economic profit, then (Read 88 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: May 24, 2019
If perfectly competitive lawn care firms are making an economic profit, then
◦ wages will be bid up until the economic profit are gone.
◦ the firms must be superior and will continue to make an economic profit.
◦ new firms will enter the industry.
◦ they are not equating marginal revenue to marginal cost.
◦ government regulation will be imposed to decrease their profit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by TVarnum on May 24, 2019

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: May 24, 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


TVarnum

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: May 24, 2019
Thanks


Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Post Care of a Hip Fracture Post Care of a Hip Fracture
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library