Concentration ratios are generally computed for ________ markets. ...

[kaid0807]

Concentration ratios are generally computed for ________ markets.
 
  A) local
  B) regional
  C) national
  D) global

Question 2

Consider the perfectly competitive firm in the figure above. At the profit maximizing level of output, the firm will
 
  A) make an economic profit equal to the area ABCD.
  B) incur an economic loss equal to the area ABCD.
  C) make zero economic profit.
  D) make an economic profit equal to the area AECD.

[tranoy]

Answer to Question 1

C

Answer to Question 2

A

[kaid0807]

Thanks for the timely response, appreciate it

[xthemafja]

TYSM