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Author Question: Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit. ... (Read 69 times)

nmorano1

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


nmorano1

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

alvinum

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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