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Author Question: If the return on capital is equal to the cost of capital A) accounting profits are zero. B) ... (Read 232 times)

tsand2

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on: Jun 30, 2018
If the return on capital is equal to the cost of capital
 A) accounting profits are zero.
  B) economic profits are negative.
  C) accounting profit and economic profit are equal.
  D) economic profits are zero.

Question 2

Economic profits disappear quickly when a market is
 A) perfectly competitive.
  B) monopolistically competitive.
  C) a monopoly.
  D) an oligopoly.


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Sammyo

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

D

Answer to Question 2

A


tsand2

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

recede

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

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