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Author Question: If a perfectly competitive industry is neither expanding nor contracting, we would typically expect ... (Read 39 times)

lilldybug07

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on: Jun 30, 2018
If a perfectly competitive industry is neither expanding nor contracting, we would typically expect that:
 a. accounting profits to be zero.
 b. economic profits to be zero.
 c. the price of the good will be stable
  d. both (b) and (c) would be true.

Question 2

An increase in the price of an input will increase the _____ of producing the final good and shift the supply curve of the commodity _____.
 a. marginal cost; upward
  b. transaction cost; upward
  c. marginal cost; downward
  d. transaction cost; downward


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Liamb2179

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

d

Answer to Question 2

A


lilldybug07

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Reply 2 on: Jun 30, 2018
Gracias!

Hdosisshsbshs

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Reply 3 on: Yesterday
:D TYSM

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