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

Author Question: If an activity has an external benefit, such as education, a tax on that activity can lead to the ... (Read 89 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If an activity has an external benefit, such as education, a tax on that activity can lead to the efficient level of output being produced.
 
  Indicate whether the statement is true or false

Question 2

What factor(s) enable a monopoly to make an economic profit in the long run?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

recede

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

Monopolies can make an economic profit in the long run because of barriers to entry. Barriers to entry keep other firms from entering the industry and driving down the price and profits.


codyclark

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 29, 2018
Thank you :)


recede

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Default Activity in the Alzheimer Brain Default Activity in the Alzheimer Brain
Mechanisms of action of antidepressants: (a) In adrenergic and serotonergic neurons the activity of ... Mechanisms of action of antidepressants: (a) In adrenergic and serotonergic neurons the activity of ...
Summary of Cytokine Activity Summary of Cytokine Activity
Internal and external hip rotation Internal and external hip rotation
Special Education: Contemporary Perspectives for School Professionals, 5th Edition Special Education: Contemporary Perspectives for School Professionals, 5th Edition
Sensation Activity: Sight Sensation Activity: Sight
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library