[Answered] In the long run, the economic profit of a firm in a perfectly competitive market A) will be above ...

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Author Question: In the long run, the economic profit of a firm in a perfectly competitive market A) will be above ... (Read 27 times)

Alainaaa8

Hero Member
Posts: 576

on: Jun 29, 2018

In the long run, the economic profit of a firm in a perfectly competitive market

A) will be above zero.
B) will be below zero.
C) will equal zero.
D) can be above, below, or equal to zero.

Question 2

If the Fed sells securities to commercial banks, there is no money multiplier effect.

Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

moormoney

Sr. Member
Posts: 326

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

FALSE

Alainaaa8

Member
Posts: 576

Reply 2 on: Jun 29, 2018

TYSM

FergA

Member
Posts: 352

Reply 3 on: Yesterday

Great answer, keep it coming

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