This topic contains a solution. Click here to go to the answer

Author Question: Firms in monopolistic competition can make an economic profit in the long run. Indicate whether ... (Read 120 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
Firms in monopolistic competition can make an economic profit in the long run.
 
  Indicate whether the statement is true or false

Question 2

A marginal cost pricing rule for a natural monopoly sets ________.
 
  A) price equal to marginal cost and greater than average total cost
  B) marginal revenue equal to marginal cost
  C) marginal revenue equal to average total cost
  D) price equal to marginal cost



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jossy

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

FALSE

Answer to Question 2

D





 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library