[Answered] Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit. ...

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Author Question: Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit. ... (Read 132 times)

nmorano1

Hero Member
Posts: 598

on: Jun 29, 2018

Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit.

Indicate whether the statement is true or false

Question 2

If a marginal cost pricing rule is imposed on the natural monopoly in the figure above, then the price will be

A) 2.
B) 4.
C) 5.
D) 6.

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Hdosisshsbshs

Sr. Member
Posts: 315

Reply #1 on: Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

A

nmorano1

Member
Posts: 598

Reply 2 on: Jun 29, 2018

Great answer, keep it coming

rleezy04

Member
Posts: 322

Reply 3 on: Yesterday

Gracias!

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