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Author Question: Unregulated monopolies can often make an economic profit in the long run because A) they receive ... (Read 130 times)

abarnes

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on: Jun 29, 2018
Unregulated monopolies can often make an economic profit in the long run because
 
  A) they receive government subsidies.
  B) they have high costs.
  C) barriers to entry prevent competing firms from entering the market.
  D) the risks of running a monopoly are high.

Question 2

Ernie's Earmuffs produces 200 earmuffs per year at a total cost of 2,000 and 400 of this cost is fixed. What is Ernie's average total cost?
 
  A) 12
  B) 10
  C) 8
  D) 2


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jessofishing

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

C

Answer to Question 2

B


abarnes

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

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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