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Author Question: With free entry A) economic profits are possible over the long run. B) economic profits are ... (Read 247 times)

NClaborn

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on: Jun 30, 2018
With free entry
 A) economic profits are possible over the long run.
  B) economic profits are possible but only over limited amounts of time.
  C) economic profits are not possible.
  D) the cost of capital will not be covered.

Question 2

If the return on capital is less than the cost of capital
 A) economic profits are zero.
  B) accounting profits are zero.
  C) then accounting profits minus economic profit are zero.
  D) economic profits are negative.


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coreycathey

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


NClaborn

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Reply #2 on: Jun 30, 2018
Thank you


coreycathey

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Reply #3 on: Jun 30, 2018
No problemo


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