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Author Question: Occupational licensing is an example of an entry barrier that improves a country's standard of ... (Read 83 times)

ARLKQ

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on: Jun 29, 2018
Occupational licensing is an example of an entry barrier that improves a country's standard of living.
 
  Indicate whether the statement is true or false

Question 2

In the long run, if price is less than average cost
 
  A) there is an incentive for firms to exit the market.
  B) there is no incentive for the number of firms in the market to change.
  C) there is profit incentive for firms to enter the market.
  D) the market must be in long-run equilibrium.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Jadwiga9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


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