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

Author Question: The price-taking competitive equilibrium of a large number of identical firms implies that (Read 73 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: May 25, 2020

Question 1

A firm that is making normal profit in the long run will have the incentive to
◦ remain in production.
◦ shut down.
◦ produce a different product.
◦ expand output.

Question 2

The price-taking competitive equilibrium of a large number of identical firms implies that
◦ the net revenue of each firm is zero.
◦ no firm can earn more from its assets by investing them elsewhere.
◦ no firm earns supernormal profits in the long run.
◦ B and C
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kellyjaisingh on May 25, 2020

jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: May 25, 2020
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 29% of students answer this correctly


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: May 25, 2020
Wow, this really help

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

(a) Large buttress roots in a tropical rain forest (a) Large buttress roots in a tropical rain forest
DNA molecules replicate to form identical chromatids DNA molecules replicate to form identical chromatids
DNA molecules replicate to form identical chromatids DNA molecules replicate to form identical chromatids
Several species of squirrels have melanistic phases. In large parts of United States and Canada, the Several species of squirrels have melanistic phases. In large parts of United States and Canada, the
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
People with normal color vision see the number 29 in the chart; however, those who are color-blind c People with normal color vision see the number 29 in the chart; however, those who are color-blind c
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library