In the long run, economic profits are:
a. possible both for a monopolist and for a perfectly competitive firm.
b. possible for a monopolist but not for a perfectly competitive firm.
c. possible for a perfectly competitive firms but not for a monopolist.
d. impossible for both a monopolist and for a perfectly competitive firm.
Question 2
When the world price of the traded good is lower than the domestic no-trade equilibrium price, free trade causes domestic production to fall and domestic consumption to rise.
a. True
b. False
Indicate whether the statement is true or false
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Economic and Social Development
Economic and Social Development
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
economic question
economic question