In the long run, perfectly competitive firms make zero economic profit, that is, their owners make a ...

Author Question: In the long run, perfectly competitive firms make zero economic profit, that is, their owners make a ... (Read 142 times)

Marty

Hero Member
Posts: 553

on: Jun 29, 2018

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

Sr. Member
Posts: 317

Reply #1 on: Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

C

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Marty

Hero Member
Posts: 553

Reply #2 on: Jun 29, 2018

Thank you

Anonymous

Sr. Member
Posts: 317

Reply #3 on: Jun 29, 2018

No problemo

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Author Question: In the long run, perfectly competitive firms make zero economic profit, that is, their owners make a ... (Read 142 times)

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