Sellers in a geographically centralized market have higher ...

[anshika]

Sellers in a geographically centralized market have higher transaction costs compared to those in a decentralized market.
  Indicate whether the statement is true or false

Question 2

Assume that a firm's marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output. At this output level, a profit-maximizing firm's total cost is 1,000 . If the price of the product is 10 per unit, the firm will earn an economic profit of:
 a. zero.
  b. 400.
  c. more than zero but less than 100.
  d. 100.
  e. more than 100.

[Tabitha_2016]

Answer to Question 1

F

Answer to Question 2

a

[anshika]

TYSM

[brbarasa]

Thanks for the timely response, appreciate it