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Author Question: If people can benefit from a good even if they do not pay for it, the good is nonrival. Indicate ... (Read 49 times)

bb

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on: Jun 29, 2018
If people can benefit from a good even if they do not pay for it, the good is nonrival.
 
  Indicate whether the statement is true or false

Question 2

In the short run, perfectly competitive firms ________ but in the long run, perfectly competitive firms ________.
 
  A) can incur an economic loss; incur an economic loss
  B) can incur economic losses; make an economic profit
  C) must make an economic profit; make an economic profit
  D) can incur an economic loss; make zero economic profit


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Chelseyj.hasty

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

FALSE

Answer to Question 2

D


bb

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Wow, this really help

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