Author Question: Occupational licensing is an example of an entry barrier that improves a country's standard of ... (Read 82 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
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.


Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

FALSE

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

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

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

For a complete list of videos, visit our video library