In the long run, perfectly competitive firms make zero economic ...

[Marty]

In the long run, perfectly competitive firms make zero economic profit, that is, their owners make a normal profit.
 
  Indicate whether the statement is true or false

Question 2

If a marginal cost pricing rule is imposed on the natural monopoly shown in the figure above, then it will produce
 
  A) 2 million units.
  B) 3 million units.
  C) 4 million units.
  D) 5 million units.

[Anonymous]

Answer to Question 1

TRUE

Answer to Question 2

C

[Marty]

Thank you

[Anonymous]

No problemo