[Answered] Easy entry and exit cause oligopoly profits to be zero in the long run. a. True b. False Indicate ...

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Author Question: Easy entry and exit cause oligopoly profits to be zero in the long run. a. True b. False Indicate ... (Read 113 times)

appyboo

Hero Member
Posts: 527

on: Jun 30, 2018

Easy entry and exit cause oligopoly profits to be zero in the long run.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Marginal cost is defined as the increase in total cost resulting from an increase in:
a. one unit of output.
b. output of 100 units.
c. a firm's plant size.
d. one unit of labor.

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shaikhs

Sr. Member
Posts: 312

Reply #1 on: Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

a

appyboo

Hero Member
Posts: 527

Reply #2 on: Jun 30, 2018

Correct answers!

shaikhs

Sr. Member
Posts: 312

Reply #3 on: Jun 30, 2018

Great! Please up vote

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Author Question: Easy entry and exit cause oligopoly profits to be zero in the long run. a. True b. False Indicate ... (Read 113 times)

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