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

Author Question: For the following, please answer "True" or "False" and explain why.The long-run supply curve in a ... (Read 94 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
on: Mar 14, 2021

Question 1

Which of the following statements about profit maximizing firms in a competitive market is FALSE?
◦ Firms earn no economic profit in the long run.
◦ Marginal revenue does not have to equal marginal cost.
◦ p - MC = 0.
◦ Price equals marginal revenue.

Question 2

For the following, please answer "True" or "False" and explain why.


The long-run supply curve in a competitive market is upward-sloping.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joblessjake on Mar 14, 2021

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Mar 14, 2021
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 49% of students answer this correctly


joblessjake

  • Member
  • Posts: 555
Reply 2 on: Mar 14, 2021
Wow, this really help

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Blood supply to the pituitary gland Blood supply to the pituitary gland
False Solomons Seal False Solomons Seal
heres the answer heres the answer
Titration curve for aspartic acid Titration curve for aspartic acid
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Use the answer sheet below the problems for your answer Use the answer sheet below the problems for your answer
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library